Cincinnati Discount Co. v. Asher

Citations

• 101 Kan. 253
• 166 P. 476
• 1917 Kan. LEXIS 66

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Fraud — False Representations — Verdict for Plaintiff- — -New Trial Ordered. Upon evidence tending to show that false representations had been made by the defendant, that plaintiff had relied upon them, and had sustained a substantial loss, a verdict awarding plaintiff the sum of one dollar can,,not be treated as a finding in favor of the defendant; but the court, not being satisfied with the result, should have set aside the verdict and granted a new trial on the motion of plaintiff.</p> <p>2. BANKING — Unauthorized Actions of Officers — Liability. A bank can not be held liable for the unauthorized transactions of its officers unless it actually receives and retains the benefit of such transactions.</p>