Buhl v. Mechanics' Bank
Michigan Supreme Court
Error to Wayne; Waite, J. Assumpsit by Walter Buhl against the Mechanics’ Bank of Detroit upon a contract of indemnity. ' From a judgment for plaintiff, defendant brings error.
1Opinion of the CourtMoore, J.
The plaintiff is the assignee of Walter Buhl & Co. Oscar E. Rasch & Co., dealers in furs, became financially embarrassed. They gave a chattel mortgage to Charles A. Rich, trustee, to secure certain creditors, among which were the defendant bank and the American Exchange National Bank. Walter Buhl & Co. arranged with these creditors, with Rasch & Co., and with the trustee to buy the property and effects covered by the mortgage, with certain exceptions, free from all mortgage incumbrances, for $10,000, for which they were to give their promissory notes, payable January 1, 1895. The parties got…
2Cases cited11 opinions
- Phelps v. AbbottMichigan Supreme Court · 1897
- Bowker v. JohnsonMichigan Supreme Court · 1868
- Doty v. MartinMichigan Supreme Court · 1875
- Blackwood v. BrownMichigan Supreme Court · 1876
- Trevidick v. MumfordMichigan Supreme Court · 1875
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3Cited by1 opinion
- Clare County Savings Bank v. FeatherlyMichigan Supreme Court · 1912