First National Bank v. Persall
Supreme Court of Minnesota
Action in the district court for Hennepin county to recover $1,600 upon a promissory note. The defense made by the answer is stated in the opinion. The case was tried before Dickinson, I., who directed a verdict in. favor of plaintiff in the sum demanded. From an order denying defendant’s motion for a new trial, he appealed.
1Opinion of the CourtO’Brien, J.
This action is upon a promissory note executed by the defendant and payable to the order of the plaintiff. The answer alleged that the note accompanied and was given under and in accordance with a contract with one L G. Lund, who then was the president of the bank, a member of its discount committee, and the owner of a majority of its stock. By the contract Lund was authorized to purchase for the defendant’s account a designated half section of land for the-sum of $4,000 on the following terms: “Notes, $1,600, due in one-year; balance mortgages.” Further, that Lund should have the exclusive…
Also in this document: Per curiam.
2Cases cited6 opinions
- Citizens' State Bank v. . CowlesNew York Court of Appeals · 1905
- Union National Bank v. WinsorSupreme Court of Minnesota · 1907
- Tourtelot v. ReedSupreme Court of Minnesota · 1895
- Bang v. BrettSupreme Court of Minnesota · 1895
- Dorr v. Life Insurance Clearing Co.Supreme Court of Minnesota · 1898
1 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- McCarty v. KepretaNorth Dakota Supreme Court · 1913
- Bland v. Fidelity Trust Co.Supreme Court of Florida · 1916
- State Bank of Morton v. AdamsSupreme Court of Minnesota · 1919
- National Bank of Commerce v. ArmbrusterSupreme Court of Oklahoma · 1914
- First National Bank v. AndersenSupreme Court of Minnesota · 1919
5 more not listed; retrieve them via the Exa API.