Nelson v. Satre
Supreme Court of Minnesota
Action in the district court for Lac qui Parle county to recover $1,000, alleged to have been paid as usurious interest. The complaint alleged the real estate was worth $25,000. The answer denied that the property was of any greater value than $16,000. The case was tried before Qvale, J., and a jury which returned a verdict in favor of plaintiffs for the amount demanded. Erom an order denying defendant’s motion for a new trial, he appealed.
1Opinion of the CourtO’Brien, J.
Plaintiffs, husband and wife, brought this action under section 2734, E. L. 1905, to recover $1,000 which they claim' defendant usuriously exacted from them. . The plaintiff Napoleon P. Nelson owned seven hundred twenty acres of land, upon which were different mortgages, of which one had been foreclosed, the period of redemption expiring November 18, 1907. The amount required to redeem, and pay the taxes and interest upon the other mortgages on that date, was $5,650. Defendant furnished the necessary amount, and the certificate of redemption was delivered to plaintiffs, who immediately…
2Cases cited3 opinions
- Kommer v. HarringtonSupreme Court of Minnesota · 1901
- Holmen v. RuglandSupreme Court of Minnesota · 1891
- Johnson v. JoyceSupreme Court of Minnesota · 1903