WOODROW v. FREDERICK

Mr. Jas. S. Verner, for appellant, cites: Assignee of non-negotiable paper takes subject to equities: Code Civ. Pro., 1922, Sec. 355. Maker estopped to deny liability: 123 S.C. 501; 113 S.C. 282; 97 S.C. 453; 79 S.C. 478; 67 S.C. 377; 57 S.C. 481; 9 S.C. 20; 4 Rich. Eq., 105. Party signing paper deemed to know its contents: 126 S.C. 205; 124 S.C. 211; 123 S.C. 501. Party seeking relief from his contract must show absence of negligence in entering into it: 115 S.C. 452; 110 S.C. 421; 108 S.C. 411; 108 S.C. 56; 101 S.C. 236; 9 S.C. 20. Case distinguished: 22 S.C. 9. Fraud in inducement to contract: 117 S.C. 391; 87 S.C. 331. Knowledge of falsity of statement necessary element of fraud: 78 S.C. 482; 61 S.C. 190; 59 S.C. 399; 58 S.C. 59. Prior or contemporaneous parol agreements varying written agreements: 121 S.C. 437; 120 S.C. 375; 120 S.C. 211; 112 S.C. 343; 104 S.C. 451; 63 S.C. 406; 24 S.C. 124; 12 S.C. L., 21; 1 S.C.L., 307; 22 C.J., 1097. Knowledge gained by agent acting adversely not imputed to principal: 74 S.C. 368; 33 S.C. 473. Messrs. Melton Belser, for appellant, cite: Assignee of non-negotiable paper takes subject to equities: 22 S.C. 9; 1 Rich. Eq. 49; Code Civ. Pro., 1922, Sec. 355; 2 R.C., 629; 2 Jones on Mortgages, Sec. 842; 2 Pom. Eq. Juris., Sec., 704. Parol testimony to explain consideration of written contract: 26 S.C. 312; Jones on Evidence, Sec. 468. Maker not estopped to deny liability: 49 S.C. 496; 22 S.C. 9; 2 Pom. Eq. Juris., Sec. 711. Failure to have bond and mortgage cancelled of record does not raise estoppel: 3 Jones on Mortgages, Sec. 53. Knowledge of agent imputed to principal: 56 S.C. 373; 2 Pom. Eq. Juris., Sec. 637; 2 Jones on Mortgages, Sec. 53. Cases distinguished: 115 S.C. 17; 113 S.C. 282; 97 S.C. 543; 67 S.C. 285; 57 S.C. 464; 11 Rich. Eq., 344.