Legal Opinion
Gilbert v. Fosston Manufacturing Co.
Supreme Court of Minnesota
Decided December 9, 1927No. 26,153PublishedCited by 3 opinions
1Opinion of the Court
1 Reported in 216 N.W. 778, 218 N.W. 451. Action for the foreclosure of a trust deed securing $150,000 in bonds of Fosston Manufacturing Company, a Minnesota corporation, in which, under order of court, the holders of the bonds appeared as claimants. L. K. Baker, the holder of $75,000 of the bonds, appeals from a judgment denying his claim in toto on the ground of usury.
The trust deed became effective in February, 1923, and $75,000 of the bonds was soon negotiated. Of that amount, $65,000 is still outstanding. The other $75,000 of the issue was held for a short time by the corporation and…
2Cases cited14 opinions
- International Textbook Co. v. PiggSupreme Court of the United States · 1910
- Crutcher v. KentuckySupreme Court of the United States · 1891
- Seeman v. Philadelphia Warehouse Co.Supreme Court of the United States · 1927
- Lehigh Portland Cement Co. v. McLeanIllinois Supreme Court · 1910
- Dorothy v. Commonwealth Commercial Co.Illinois Supreme Court · 1917
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3Cited by3 opinions
- Robbins v. Pacific Eastern Corp.California Supreme Court · 1937
- E. C. Warner Co. v. W. B. Foshay Co.Court of Appeals for the Eighth Circuit · 1932
- Investors Syndicate v. Baskerville Bros. Holding Co.Supreme Court of Minnesota · 1937