Legal Opinion
MacKenzie v. Summit National Bank of St. Paul
Court of Appeals of Minnesota
Decided February 19, 1985No. CO-84-1030PublishedCited by 7 opinions
1Opinion of the Court
OPINION
LESLIE, Judge.
Summit National Bank is appealing from a judgment enjoining foreclosure of a mortgage on the respondent’s home. The trial court found that the bank had breached its duty to disclose to the respondent the precarious financial condition of respondent’s employer when respondent agreed to mortgage his home as collateral for a bank loan to his employer. The court also found that the bank had taken no reasonable steps to repay the loan from the employer’s other accounts to satisfy the mortgage on respondent’s home. We reverse.
FACTS
In 1972 the respondent, Reed MacKenzie, was…
2Cases cited15 opinions
- Klein v. First Edina National BankSupreme Court of Minnesota · 1972
- Richfield Bank & Trust Co. v. SjogrenSupreme Court of Minnesota · 1976
- Midland National Bank of Minneapolis v. PerranoskiSupreme Court of Minnesota · 1980
- Newell v. RandallSupreme Court of Minnesota · 1884
- Marsh v. WebberSupreme Court of Minnesota · 1868
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3Cited by7 opinions
- MacOn County Livestock Market, Inc. v. Kentucky State Bank, Inc.Court of Appeals of Tennessee · 1986
- Boubelik v. Liberty State BankSupreme Court of Minnesota · 1996
- Shea v. HS Pickrell Co., Inc.New Mexico Court of Appeals · 1987
- State Bank of Hamburg v. StoeckmannCourt of Appeals of Minnesota · 1987
- Iowa Concrete Breaking Corp. v. Jewat Trucking, Inc.Court of Appeals of Minnesota · 1989
2 more not listed; retrieve them via the Exa API.