Citizens Savings & Loan Ass'n v. Fischer

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• discussing corporate policy of paying off construction loans after the sale
• “In the absence of circumstances putting a reasonable person on inquiry, a person is justified in relying on a misrepresentation of a material fact without making further inquiry.”
• \The rule is that whoever participates in a fraudulent act is guilty of fraud.\
• “The rule is that whoever participates in a fraudulent act is guilty of fraud”
• “the rule is that whoever participates in a fraudulent act is guilty of fraud and that the fact that a corporation must act through its agents has no bearing on the officer’s liability.”
• officer of corporation individually liable for acts of fraud in which he participates

Source: CourtListener parenthetical corpus (CC0).