Scandinavian American Bank of Fargo v. Westby
North Dakota Supreme Court
Appeal from judgment of tbe District Court of Williams County, North Dakota, Honorable Frank F. Fisk, Judge. The pledgee is bound to exercise the degree of care which an ordinarily prudent man usually bestows on his own property of like nature under the^pcumstances.
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Appeal from judgment of tbe District Court of Williams County, North Dakota, Honorable Frank F. Fisk, Judge. The pledgee is bound to exercise the degree of care which an ordinarily prudent man usually bestows on his own property of like nature under the^pcumstances. Jones, . Liens, 2d ed. p. 431. Wfiei^a chose in action such as a bond, note, or accepted order of al&tird person is transferred and delivered to a creditor as collateral security it is the duty of the pledgee to use reasonable care and diligence to make such collateral available. 22 Am. & Eng. Enc. Law, 2d ed. 899; Phares v.…
1Opinion of the CourtGrace, J.
Appeal from the judgment of the district court of Williams county, North Dakota, Honorable Frank E. Fisk, Judge.
The complaint states an action to recover upon a promissory note executed by defendant to plaintiff for $2,320.64. The answer admits the execution and delivery of the note, but denies it was executed for valuable consideration. The defendant, in a very extensive answer, sets *280out other defenses. To the answer there is a reply interposed. It is not necessary to set out the answer in full, but the substance of the answer is that on August 8, 1911, J. A. Stafne executed and delivered to…
2Cases cited1 opinion
- Grebe v. SwordsNorth Dakota Supreme Court · 1914
3Cited by21 opinions
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- Magoffin v. Watros ex rel. BrouillardNorth Dakota Supreme Court · 1920
- Intermountain Title Guaranty Co. v. EgbertIdaho Supreme Court · 1932
- Leach v. NelsonNorth Dakota Supreme Court · 1922
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