Larson v. Lombard Investment Co.
Supreme Court of Minnesota
Appeal by Lombard Investment Company, one of tbe defendants, from an order of the District Court of Meeker County, Powers, J., made March 11, 1892, refusing a new trial. On November 6, 1890, the plaintiff, Else Larson, was the owner of certain real estate in Meeker County, on which there was a mortgage for $500. On that day plaintiff applied to Stevens & Co., bankers at Litchfield, for a loan of $900, and to secure the same, offered to execute a mortgage on this property.
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Appeal by Lombard Investment Company, one of tbe defendants, from an order of the District Court of Meeker County, Powers, J., made March 11, 1892, refusing a new trial. On November 6, 1890, the plaintiff, Else Larson, was the owner of certain real estate in Meeker County, on which there was a mortgage for $500. On that day plaintiff applied to Stevens & Co., bankers at Litchfield, for a loan of $900, and to secure the same, offered to execute a mortgage on this property. The application was in writing, on a blank furnished by the defendant Lombard Investment Company to Stevens & Co., and…
1Opinion of the CourtYanderburgh, J.
The defendant is engaged in the business of loaning money upon mortgage, and has established a branch of its business in St. Paul, in this state. To facilitate its operation, it secures the assistance of persons in different localities, whom its officers style “correspondents, ” by whom applications for loans are received and forwarded for examination by the defendant, and, if the securities are found satisfactory and approved, they are accepted, and the money forwarded, to be delivered to the borrower. The office of the so-called “correspondent” is therefore to'aid the defendant in procuring…
2Cited by16 opinions
- Roberts v. WilliamsSupreme Court of Alabama · 1916
- Harding v. Home Investment & Savings Co.Idaho Supreme Court · 1930
- McLean v. FickeSupreme Court of Iowa · 1895
- Bell v. Riggs Et Ux.Supreme Court of Oklahoma · 1912
- Dieter v. ScottSupreme Court of Vermont · 1939
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