Danielson v. Tessman

Appeal by defendant Tessman'from the order denying his motion for a new trial.

Plaintiffs were the owners of a lot and apartment building thereon in Minneapolis, subject to a $2,500 mortgage held by one Towne, a nonresident, represented by John A. Lane, who for many years had carried on the business of a loan broker in the city, loaning money for others on real estate security. Lane had also during that time loaned money for Tessman upon first mortgages. In December, 1924, Lane informed Tessman that two of-his mortgages, aggregating $4,400, due about the first of the year, ivould be paid, but…