Merced Bank v. Ivett
California Supreme Court
APPEAL from an order of the Superior Court of Merced County denying a new trial. J. K. Law, Judge. The facts are stated in the opinion of the court.
1Opinion of the CourtGaroutte, J.
Merced Bank, a corporation, passed resolutions resolving to go into liquidation. At that time the Bank of British Columbia was its creditor, holding collateral in the form of promissory notes as security for the debt. One Ivett was also a creditor of the Merced Bank to the extent of about twenty thousand dollars. The Bank of British Columbia was threatening to realize upon its collaterals, whereupon the Merced Bank entered into a contract with Ivett by which he was to pay off the claim of this bank, take up these collaterals, and hold them as security for the money advanced, and also as…
2Cases cited3 opinions
- Hollins v. Brierfield Coal & Iron Co.Supreme Court of the United States · 1893
- Grand De Tour Plow Co. v. Rude Bros. Manufacturing Co.Supreme Court of Kansas · 1899
- Lanz v. Fresno Loan & Savings BankCalifornia Supreme Court · 1899
3Cited by7 opinions
- Hibernia Savings & Loan Society v. BelcherCalifornia Supreme Court · 1935
- Baird v. First National BankNorth Dakota Supreme Court · 1927
- Commons v. SchineCalifornia Court of Appeal · 1973
- John Miller Co. v. Harvey Mercantile Co.North Dakota Supreme Court · 1917
- City National Bank v. Goshen Woolen Mills Co.Indiana Court of Appeals · 1903
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