Sprigg v. Commonwealth Title Ins. & Trust Co.

Citations

• 119 F. 434
• 1902 U.S. App. LEXIS 5284

Syllabus

<p>i. Constructive Fraud—Liability—Implied Representations in Letter.</p> <p>A letter written by a trust company, copied from a draft prepared by counsel for tbe firm to which the letter was addressed, by which the com pany agreed to hold certain bonds of a corporation therein described, in trust for such firm, and-which contained certain statements respecting such bonds, construed, and held not to constitute a representation that the bonds were valid, which rendered the company liable for deceit in case they were not valid, where all the specific statements made were true, and there was nothing in the letter calling for any statement as to the validity of the bonds, and it was admitted that it was signed in good faith and without intent to deceive.</p>