State Bank of Morton v. Adams
Supreme Court of Minnesota
Action in the district court for Kandiyohi county to recover $2,100 upon a promissory note. The answer alleged the facts which defendants offered to prove at the trial (see first paragraph of the opinion), interposed a counterclaim for $2,500 and demanded delivery and cancelation of the note.
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Action in the district court for Kandiyohi county to recover $2,100 upon a promissory note. The answer alleged the facts which defendants offered to prove at the trial (see first paragraph of the opinion), interposed a counterclaim for $2,500 and demanded delivery and cancelation of the note. The case was tried before Qvale, J’., who at the close of the testimony granted plaintiff’s motion for a directed verdict for $2,,680.40. From an. order denying tbeir motion for a new trial, defendants appealed.
1Opinion of the CourtHallam, J.
November 20, 1913, defendants, farmers near New London, Minnesota, gave their note for $2,100 payable 90 days after date to the Sterling Securities Corporation. On December 18, 1913, the Securities Corporation indorsed and delivered the note to plaintiff. Plaintiff sued and defendants defended on the ground that the note was fraudulent in its inception, and that plaintiff was chargeable with notice of that fact. On the trial defendants offered to prove that the note was procured by D. R. Morrow, an agent of the Securities Corporation; that Morrow represented that the Securities Corporation…
2Cases cited25 opinions
- Holden v. . New York and Erie BankNew York Court of Appeals · 1878
- Loring v. BrodieMassachusetts Supreme Judicial Court · 1883
- First National Bank v. Town of New MilfordSupreme Court of Connecticut · 1869
- Wilson v. Minnesota Farmers' Mutual Fire InsuranceSupreme Court of Minnesota · 1886
- Lebanon Savings Bank v. HollenbeckSupreme Court of Minnesota · 1882
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3Cited by22 opinions
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- First National Bank v. CareySupreme Court of Minnesota · 1922
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