Gilbert v. Pioneer National Bank

Peterson, Justice.

One Paquin submitted a bid to sell coal to the city of Duluth. The bid Avas accompanied by Paquin’s check for $1,500 payable to the city of Duluth, which Avas in lieu of bond as security for making and executing a contract if his bid Avere accepted. The defendant, having first taken security from Paquin, certified the check under an agreement that Paquin Avas to deposit the check as security for his bid, and, if his bid were rejected, to return and surrender the check to it, whereupon the bank Avas to cancel and release the security. The city rejected Paquin’s bid and held…