Court Opinion

ID: 9624714
Source: CourtListenerOpinion
Date Created: 2023-08-22 07:14:29.729391+00
Date Added: 2024-06-11T18:05:53.323757
License: Public Domain

HENRIOD, Justice
(concurring and dissenting) .
I concur as to the result reached by the main opinion in the transaction where (3) a co-payee had not indorsed a check which *263the bank nonetheless cashed, and dissent from both reason and result reached in the (1) Ward and (2) Dalton transactions. In the Ward case, it was represented that the sale was to Ward himself, whereas there was a previous sale at an auto auction. In this instance, which was a paper transaction involving himself, not a purchaser from himself or his company, it seems clear that the bond conditioned on his “conducting his business as a dealer without fraud,” was intended to require a loss through fraud while dealing with the buying and selling public, and certainly did not contemplate that the principal on the bond, dealing with himself only in buying or selling a car, would be included in such category. As to the Dalton transaction, the bank is charged with the principle that to constitute actionable fraud, the representee must have acted reasonably in relying on the representation made,— not blindly, stupidly or without reasonable caution. It becomes apparent that the bank is charged with such principle, and should not recover, when it is pointed out that a casual examination of the genuine Dalton signatures found on the promissory note and the chattle mortgage were not the same as a purported Dalton signature found on the check. I believe the trial court should be affirmed.
WORTHEN, J., concurs in the results of HENRIOD’S, J., concurring and dissenting opinion.