New York Court of Appeals
Charles E. Ball, Composing the Firm of Ball & Whicher, Respondents v. Edward D. Shepard, Composing…
May 30, 1911202 N.Y. 247
Summary
The Court reversed the lower court's judgment, holding that the plaintiffs could not recover the purchase price paid under a mistake of fact because the defendants received the money in good faith, in the regular course of business, and for valuable consideration, without knowledge of the fraud.