Metropolitan National Bank v. Bolduc

Action upon two promissory notes. The defense was the statute of limitations. A verdict was directed for the defendant. The plaintiff appeals from the order denying its alternative motion for judgment or a new trial.

The facts are not in dispute. On May 26, 1914, the defendant executed and delivered to the plaintiff a note for $17,000, and on *147June 17, 1914, another for $13,000. He deposited as collateral to the first note a note of the Minneapolis & Northern Railway Company payable to him for $17,000. The note was guaranteed by one Heaton. He deposited as collateral to the second note a like…