Richfield Bank & Trust Co. v. Sjogren

How courts have described this case

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

• holding that where bank had “[a]ctual knowledge of the fraudulent activities of one of its depositors, it had an affirmative duty to disclose those facts ... before it engaged in making [a] loan ... which furthered the fraud.”
• concluding that a bank that had actual knowledge that one of its depositors was irretrievably insolvent and thus engaging in fraud by entering into a contract with the plaintiff had a duty to disclose the depositor’s insolvency to the plaintiff
• stating that a party to a transaction has a duty to disclose information to prevent his words from misleading the other party
• stating that a party to a transaction has a duty to disclose information to prevent his words from misleading the other party
• stating that a party to a transaction has a duty to disclose informa-tion to prevent his words from misleading the other party
• bank had actual knowledge of its depositor’s fraudulent activities

Source: CourtListener parenthetical corpus (CC0).