Legal Opinion
United Realty Trust v. Property Development & Research Co.
Supreme Court of Minnesota
Decided July 28, 1978No. 47707PublishedCited by 17 opinions
1Opinion of the Court
ROGOSHESKE, Justice.
Defendant Alotel Associates (Alotel), a Minnesota limited partnership, claiming to be the true borrower in a defaulted $2,310,-000 loan transaction entered in 1973, appeals from the trial court’s judgment ordering foreclosure and denying it the defense of usury by application of Minn.St. 334.01, subd. 2, as amended by L. 1974, c. 238, § 1, which exempts transactions of $100,000 or more from the usury laws. Plaintiff lender, United Realty Trust of California (URT), cross-appeals from certain of the trial court’s findings of fact, urging that the judgment be affirmed on the…
2Cases cited19 opinions
- Ewell v. DaggsSupreme Court of the United States · 1883
- Jenkins v. MoyseNew York Court of Appeals · 1930
- McNair v. KnottSupreme Court of the United States · 1937
- Dahmes v. Industrial Credit Co.Supreme Court of Minnesota · 1961
- Deposit Guaranty Bank & Trust Co. v. WilliamsMississippi Supreme Court · 1942
14 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Barton v. MooreSupreme Court of Minnesota · 1997
- Olsen v. Special School Dist. No. 1Court of Appeals of Minnesota · 1988
- Orden v. Crawshaw Mortgage & Investment Co.California Court of Appeal · 1980
- U.S. Life Title Insurance Co. v. BrentsMissouri Court of Appeals · 1984
- In Re Estate of O'KeefeCourt of Appeals of Minnesota · 1984
12 more not listed; retrieve them via the Exa API.