Anderson v. Scandia Bank
Supreme Court of Minnesota
Appeal by defendant, tbe Scandia Bank of Minneapolis, from an order of the District Court of Hennepin County, Wm. Lochren, J., made July 6, 1892, overruling its demurrer to tbe complaint. Tbe complaint stated tbat plaintiff Carolina Anderson, on May 27, 1890, borrowed of defendant $14,500 for six months and agreed to pay for tbe use thereof, a bonus of $1,500 and interest on tbe total $16,000 at the rate of ten per cent, a year.
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Appeal by defendant, tbe Scandia Bank of Minneapolis, from an order of the District Court of Hennepin County, Wm. Lochren, J., made July 6, 1892, overruling its demurrer to tbe complaint. Tbe complaint stated tbat plaintiff Carolina Anderson, on May 27, 1890, borrowed of defendant $14,500 for six months and agreed to pay for tbe use thereof, a bonus of $1,500 and interest on tbe total $16,000 at the rate of ten per cent, a year. To secure payment and to avoid tbe appearance of usury, she and her husband, tbe plaintiff Zacbarias Anderson, made their note and executed a mortgage on her real…
1Opinion of the CourtDickinson, J.
Appeal from an order overruling a demurrer to the complaint. It appears from the complaint that the plaintiffs .are husband and wife; that, pursuant to an usurious agreement between them and the defendant, the latter loaned to the plaintiff Carolina Anderson, for the period of six months, the sum of $14,-5Ó0, for the use of which the plaintiffs gave their promissory note for the payment of the sum of $16,000, with interest thereon at the rate of ten per cent, per annum, and secured the same by a mortgage of real property owned by the plaintiff Carolina; that pursuant to the agreement between…
2Cases cited3 opinions
- S. L. Sheldon Co. v. MayersWisconsin Supreme Court · 1892
- Cornell v. SmithSupreme Court of Minnesota · 1880
- J. W. Bass & Co. v. UptonSupreme Court of Minnesota · 1857
3Cited by9 opinions
- Johnson v. WrightSupreme Court of Minnesota · 1928
- Fischer v. HintzSupreme Court of Minnesota · 1920
- Ernest v. SchmidtWisconsin Supreme Court · 1929
- Jewell v. JewellSupreme Court of Minnesota · 1943
- Nahte v. HansenSupreme Court of Minnesota · 1908
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