First National Bank v. Loyhed
Supreme Court of Minnesota
Appeal by defendant from an order of the district court for Rice-county, Buckham, J., presiding, refusing a new trial. Tlie cage is. stated in the opinion. The cashier of plaintiff was vice-president and director of the corporation, payee and indorser, and therefore the bank was chargeable-with notice of any defences to the note. Toll Bridge Co. v. Bets worth, 30 Conn. 380; Fishkill Savings Inst. v. National Bank of Fishkill, SON.
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Appeal by defendant from an order of the district court for Rice-county, Buckham, J., presiding, refusing a new trial. Tlie cage is. stated in the opinion. The cashier of plaintiff was vice-president and director of the corporation, payee and indorser, and therefore the bank was chargeable-with notice of any defences to the note. Toll Bridge Co. v. Bets worth, 30 Conn. 380; Fishkill Savings Inst. v. National Bank of Fishkill, SON. Y. 162; Holden v. New York é Erie Bank, 72 N. Y. 286; Bennett v. Buchan, 76 N. Y. 386; National Security Bank v. Cushman, 121 Mass. 490; North River Bank v. Aymar,…
1Opinion of the CourtMitchell, J.
Action by plaintiff, a corporation, as indorsee and innocent purchaser for value, before maturity, of a negotiable prommissory note, executed by defendant to B. D. Buford & Co., also a. corporation. The errors assigned by defendant are that the court below erred (1) in denying his motion to dismiss the action when plaintiff rested; (2) in refusing to give to the jury certain instructions requested by defendant; (3) in-directing the jury to find a verdict for plaintiff. As all the questions raised by the first two points will be included and necessarily involved in the last, it will be only…
2Cases cited3 opinions
- Mechanics' Bank v. Bank of ColumbiaSupreme Court of the United States · 1820
- First National Bank v. GaySupreme Court of Missouri · 1876
- First National Bank of Memphis v. KiddSupreme Court of Minnesota · 1873
3Cited by16 opinions
- Teagarden v. R. B. Godley Lumber Co.Texas Supreme Court · 1913
- Benton v. German-American National BankSupreme Court of Missouri · 1894
- State Bank of Morton v. AdamsSupreme Court of Minnesota · 1919
- Town of Denver v. City of Spokane FallsWashington Supreme Court · 1893
- Capitol Hill State Bank v. Rawlins National BankWyoming Supreme Court · 1916
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