American Mills Co. v. American Surety Co., 260 U.S. 360 (1922)
U.S. Supreme CourtAmerican Mills Co. v. American Surety Co., 260 U.S. 360 (1922)
American Mills Co. v. American Surety Company
Argued November 24, 1922
Decided December 11, 1922
260 U.S. 360
1. In a suit to cancel a written guaranty for fraud, the defense that the plaintiff has an adequate remedy at law by defending actions brought by the defendant on the guaranty is waived by the defendant where, without insisting upon it, as he might, he introduces proof, under a counterclaim for the amount of the guaranty, putting the instrument in evidence. P. 260 U. S. 363.
2. The provision of Equity Rule 30 that the answer must state any counterclaim arising out of the transaction which is the subject matter of the suit applies only to equitable, not to legal, claims. P. 260 U. S. 363.
273 F. 67, affirmed.
Certiorari to a decree of the circuit court of appeals affirming a decree of the district court which cancelled a written guaranty for fraud.