69 Mo. App. 456 | Mo. Ct. App. | 1897
Action on promissory note for $496.69, dated March 27, 1895, due six months after date, payable to plaintiff, and executed by defendant. The answer is as follows:
“Comes now the defendant and for answer to the petition of the plaintiff admits that he executed the note sued on herein, but denies each and every allegation in said petition contained, except the allegation hereinbefore specifically admitted.
“Further answering this, defendant says that at or about the time of the execution of the note sued on herein, the plaintiff was owner of twelve shares of stock in the Stone County Bank, a corporation, of the par*458 value of twelve hundred dollars, and the defendant was owner of a certain tract of land in Greene county, Missouri, of the value of twelve hundred and fifty dollars, over and above all incumbrance; that the plaintiff and defendant mutually agreed to exchange the plaintiff his said stock for the defendant’s said land, that the plaintiff represented that said stock was worth its par value over and above all dividends thereon, and the said parties agreed to trade, valuing said stock over and above all dividends at twelve hundred dollars and said land at twelve hundred and fifty dollars over and above the incumbrance thereon, that the plaintiff then, for the purpose of cheating and defrauding the defendant, represented to the defendant that a dividend had been declared, to the stockholders in the said Stone County Bank, which dividend the plaintiff represented was then in said bank and would be paid in a short time, that the portion of said dividends falling to his share was five hundred and forty-six dollars and sixty-nine cents, and the plaintiff represented to the defendant that the said sum was now due him as a dividend in said bank and would be shortly paid, and the plaintiff then offered to sell to the defendant the alleged dividend and take defendant’s note for the amount of the sum less the fifty dollars due defendant in the land trade aforesaid, the plaintiff representing to the defendant that the assignment of the stock aforesaid would carry with it the dividend also unless there was a stipulation to the contrary.
"And the defendant, relying upon the representation of the plaintiff that there was a dividend as above set forth and believing the said statements of the plaintiff true, was induced to execute the said note for the said sum of four hundred and ninety-six dollars and sixty-nine cents in payment for said dividend.
*459 “Defendant further says that the statements made by plaintiff in relation to said dividend were wholly false, and that in fact and in truth there wás no dividend in said bank at that time or at any time before or after that, all of which was well known to the plaintiff, and that the execution of the. said note was obtained by the false and fraudulent representations of the plaintiff, that the only consideration for the said note was the supposed dividend in the Stone County Bank, and there was no such dividend as represented aforesaid, nor any dividend at said time or at any other time.
“Wherefore by reason of the premises the plaintiff ought not to recover herein, and the defendant prays to be discharged with his costs.”
Judgment reversed and cause remanded.