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16 Ind. 284

Wright v. Allen

Indiana Supreme Court

Decided June 6, 1861

Indiana Supreme Court · decided 1861-06-06

<p>Where an assignee takes a note upon the representation of the maker that it will be paid, or is good, the latter is estopped to defend against the payment of the note.</p>

Relies on Black v. Mitchell

Decided 1861-06-06

Per Curiam.

¶1This case falls within Powers v. Talbott, 11 Inch 1, and is affirmed on the authority of that case. See Black v. Mitchell, 14 Ind. 397, for qualifications of the rule in Powers v. Talbott, supra; Morrison & Newby v. Weaver et al., at this term. The rule is, that where an assignee takes a note, upon the representation of the maker that it will be paid, or is good, upon which representation the purchaser of the note rightfully relies, the maker is estopped to defend against the payment of the note.

¶2The judgment is affirmed, with 1 per cent, damages and costs.

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