Legal Opinion
Negaard v. Miller Construction Co.
Court of Appeals of Minnesota
Decided November 25, 1986No. C4-86-581PublishedCited by 2 opinions
1Opinion of the Court
OPINION
LANSING, Judge.
James Negaard appeals from an order upholding the validity of a promissory note over his claims of usurious interest. We affirm.
FACTS
In June 1976 James Negaard contracted with Jim W. Miller Construction Company to build a house. Under the contract, Miller agreed to send Negaard monthly progress billings, due 30 days from the billing date with 12 percent interest on overdue amounts.
After promptly paying the first ten billings, Negaard missed a $40,000 payment on June 24, 1977. Negaard missed several more payments over the next few months and on August 25, 1977, his…
2Cases cited6 opinions
- Rathbun v. WT Grant CompanySupreme Court of Minnesota · 1974
- Citizen's National Bank of Willmar v. TaylorSupreme Court of Minnesota · 1985
- Household Finance Corp. v. PughSupreme Court of Minnesota · 1980
- Kantack v. KreuerSupreme Court of Minnesota · 1968
- Pettibone Minnesota Corp. v. CastleSupreme Court of Minnesota · 1976
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Farrell v. Wurm (In Re Donnay)United States Bankruptcy Court, D. Minnesota · 1995
- Maus v. ToderDistrict Court, D. Minnesota · 2010