Opinion ID: 2041464
Heading Depth: 1
Heading Rank: 4

Heading: Intention the representation be acted upon.

Text: It is clear the actor    must knowingly take a position with intention it be acted upon   . DeWall v. Prentice, 224 N.W.2d at 431 and authorities cited. As indicated, there is evidence to support a finding Youell's silence under the circumstances induced defendants to seek financing on accounts receivable from Union Trust & Savings. Significant to this element is Youell's recommendation to approach Union Trust on the matter of accounts receivable financing. The Bank was thus enabled to benefit from outside financing in that such financing would help the corporation to stay in business for a longer period, thus making repayment to the Bank of previous loans more likely. Youell's representations were made during a general discussion concerning receivables financing, and he should reasonably have expected them to be relied upon. Existence of the third element of the doctrine was warranted under this record.