Hayes v. Addy’s Empirical Analysis
1934
Citation profile
6
cited by 6 later decisions
1
states following
June 1940
most recently cited
6 state decisions
Relationships
Relies on Cedar State Bank v. Olson · German-American Finance Corp. v. Merchants & Manufacturers State Bank · Hudson State Bank v. Richardson · Mercantile Warehouse Co. v. Johnson
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 6 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““There is no testimony in the record which controverts Haul's own version of why he signed the note, and it is clear that he signed it knowingly and under, no misapprehension and that he knew when he signed it that the purpose of the indorsement was to deceive the bank examiner. This is not a case where there is doubt as to the purpose. In addition to his statement of the purpose, it must be borne in mind that he had been cashier and president of a bank for a period of ten years. He knew just what a bank examination is for, and that if enough indorsements of responsible parties could be had on notes belonging to the bank, under circumstances similar to those under which he indorsed, insolvency of a bank could be indefinitely concealed from the bank examiner. ... We have no doubt as to what the result should be in this case; that under his own statement Kaul signed the note in question for the deliberate purpose of deceiving the bank examiner as to the condition of the assets of the bank, and by reason thereof is now estopped to deny liability.” (pp. 483, 485.)”
1 later decision quote this exact passage · from the majoritye.g. Bell v. Johnson““To sanction any arrangement whereby the real assets and securities of a bank are to be regarded as less than or different from, the apparent assets and securities, would tend to defeat the entire purpose of the regulatory statutes. Parties may not participate in a transaction, the object of which is to give to the assets of the bank a favorable appearance for the purposes of examination, but less favorable for purposes of liability or enforcement.” (p. 323.)”
1 later decision quote this exact passage · from the majoritye.g. Bell v. Johnson
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.