First Minneapolis Trust Co. v. Nicollet Syndicate, Inc.

EILTON, Justice.

Action to recover the balance due on certain bonds secured by real estate situate in Minneapolis, issued by defendant Nicollet Syndicate, Inc. and guaranteed by defendant Benjamin and one James Leek. The trial court made findings of fact and conclusions of law and ordered judgment in favor of plaintiff. Defendants appeal from an order denying their motion for new trial.

On April 1, 1920, one Fiske gave a ground lease to certain real estate located in Minneapolis to William C. Redlin for a term of 100 years. At the same time Fiske sold to Redlin the buildings on the property for…