Bousquet v. Ward
Supreme Court of Iowa
Appeal from Pollc District Court. — Hon. C. A. Bishop,' Judge. Action to recover on a written guaranty of the payment of interest on a loan. Tbe defense made was tbat tbe guarantors were not liable for tbe interest sued for, which was tbat accruing after the maturity of tbe principal debt. By agreement of parties, tbe case was tried as in equity. Decree for defendants. Plaintiff appeals.' —
1Opinion of the Court
MoCeatn, J.' —
In 1889 the Otley Coal Company negotiated a loan of $20,000, secured by trust deed executed to the plaintiff, tbe indebtedness being evidenced by 20 first mortgage bonds, of $1,000 each, maturing in five years, with interest at 7 per cent., payable semi-annually, as per coupons attached to said bonds. Tliese.bonds were issued in pursuance of an agreement between tbe coal company and the firm, of Bousquet & Earle, by which it was stipulated that tbe firm was to procure tbe loan for tbe coal company, on terms mentioned in tbe preliminary agreement. After *128the execution of this…
2Cases cited6 opinions
- Hamilton v. . Van RensselaerNew York Court of Appeals · 1871
- French v. BatesMassachusetts Supreme Judicial Court · 1889
- Hand v. ArmstrongSupreme Court of Iowa · 1865
- Melick v. . KnoxNew York Court of Appeals · 1871
- Rector v. McCarthySupreme Court of Arkansas · 1896
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Andrew v. AustinSupreme Court of Iowa · 1930
- Buser v. Grande Avenue Land Co.Supreme Court of Iowa · 1931
- Merritt v. HaasSupreme Court of Minnesota · 1908