Legal Opinion

Honn v. Coin & Stamp Gallery, Inc.

Court of Appeals of Minnesota

Decided June 9, 1987No. C7-86-1515PublishedCited by 8 opinions

1Opinion of the Court

OPINION

FOLEY, Judge.

Respondent Galen B. Honn commenced this action against appellant Coin & Stamp Gallery, Inc. to recover on two notes. This appeal is from an order denying the corporation’s motion for a new trial. We reverse and remand.

FACTS

Coin & Stamp was incorporated in the spring of 1983 by Honn and by Harold B. Kail for the purpose of selling rare coins and stamps. Honn and Kail were the sole shareholders, with Kail serving as president and chief executive officer, and Honn as treasurer and chief financial officer. The corporation began to transact business in July 1983.

In exchange for…

2Cases cited9 opinions

  1. Snyder Electric Co. v. FlemingSupreme Court of Minnesota · 1981
  2. Miller v. MillerSupreme Court of Minnesota · 1974
  3. In Re Trust Under Will of HoldenSupreme Court of Minnesota · 1940
  4. Westgor v. GrimmSupreme Court of Minnesota · 1982
  5. Erickson-Hellekson-Vye Co. v. A. Wells Co.Supreme Court of Minnesota · 1944

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3Cited by8 opinions

  1. Helm Financial Corporation, a California Corporation v. Mnva Railroad, Inc. Dakota, Missouri Valley & Western Railroad, Inc. Larry C. Wood Diane WoodCourt of Appeals for the Eighth Circuit · 2000
  2. Association of Mill & Elevator Mutual Insurance Co. v. Barzen International, Inc.Court of Appeals of Minnesota · 1996
  3. Iannacone v. Foothill Capital Corp. (In Re Hancock-Nelson Merchantile Co.)United States Bankruptcy Court, D. Minnesota · 1989
  4. St. Louis County v. S.D.S.Court of Appeals of Minnesota · 2000
  5. Northern Bank v. Metropolitan Cosmetic & Reconstructive Surgical Clinic, P.A. (In Re Metropolitan Cosmetic & Reconstructive Surgical Clinic, P.A.)United States Bankruptcy Court, D. Minnesota · 1990

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