North American Smelting Co. v. Temple

Citations

• 12 Pa. Super. 99
• 1899 Pa. Super. LEXIS 216

Syllabus

<p>Sale — Fraud— Concealment of insolvency.</p> <p>Mere concealment of insolvency, although known to the vendee, will not constitute such a fraud as will enable a vendor to rescind a sale. To' constitute such fraud there must be not only insolvency and the knowledge of it, but also artifice, trick or false pretense.</p> <p>The purchase of goods for a corporation by its manager will not render Mm liable for the price even though he knew the corporation to be insolvent.</p>