Legal Opinion
Metropolitan Nat. Bank of Minneapolis v. National Surety Co.
District Court, D. Minnesota
Decided April 6, 1931PublishedCited by 9 opinions
1Opinion of the Court
SANBORN, District Judge.
At the close of the testimony, the plaintiff and the defendant each moved for a directed verdict, whereupon the court discharged the jury and took the case under advisement.
The facts are as follows: The plaintiff is a national bank; the defendant, a corporation organized under the laws of New York. On November 25, 1929, the plaintiff and the defendant entered into a contract referred to as a “Securities Bond, Standard Form No. 1 Revised.” This contract indemnified the plaintiff against losses sustained by reason of taking and applying as collateral any securities…
2Cases cited2 opinions
- United States v. WilliamsDistrict Court, E.D. Wisconsin · 1882
- Robinson v. SutterUnited States Circuit Court · 1881
3Cited by9 opinions
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- State Bank of Poplar Bluff v. Maryland Casualty CompanyCourt of Appeals for the Eighth Circuit · 1961
- Smith v. StateCourt of Special Appeals of Maryland · 1969
- The First National Bank and Trust Company of Oklahoma City, Oklahoma v. United States Fidelity and Guaranty Company, a Corporation, and John FawcettCourt of Appeals for the First Circuit · 1965
- Union Banking Co. v. United States Fidelity & Guaranty Co.Ohio Court of Appeals · 1965
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