First National Bank v. Compo-Board Manufacturing Co.
Supreme Court of Minnesota
Action in the district court for Hennepin county by First National Bank of Freeport, Illinois, against Compo-Board Manufacturing Company, Northwestern Guaranty Loan Company, J. H. Randall, E. J..McMahon, A. Z. Levering, W. S. Streeter and George B. Bower. The case was tried before Baxter, J., who directed a verdict in favor of plaintiff. From a judgment for $2,150.27 entered in pursuance of the verdict, defendants Randall, McMahon, Levering and Bower appealed.
1Opinion of the CourtMitchell, J.
This was an action against the defendant company as maker, and the other defendants as guarantors of payment, of a negotiable promissory note, payable to the order of Northwestern Guaranty Loan Company, and by it alleged to have been indorsed and transferred for value before maturity to the plaintiff. The note purports on its face to be a perfect and complete instrument, and the evidence is plenary and uncontradicted that the plaintiff purchased it in its present form in the ordinary course of business, before maturity, for its face value, less 8 per cent, discount from the date of purchase…
2Cases cited4 opinions
- First National Bank v. LoyhedSupreme Court of Minnesota · 1881
- Ward v. HackettSupreme Court of Minnesota · 1883
- Deakin v. UnderwoodSupreme Court of Minnesota · 1887
- Brower v. EdsonMichigan Supreme Court · 1881
3Cited by7 opinions
- Jones v. StoddartIdaho Supreme Court · 1902
- London & North West American Mortgage Co. v. St. Paul Park Improvement Co.Supreme Court of Minnesota · 1901
- National City Bank v. Zimmer Vacuum Renovator Co.Supreme Court of Minnesota · 1916
- Gillette v. HodgeCourt of Appeals for the Eighth Circuit · 1909
- Finseth v. SchererSupreme Court of Minnesota · 1917
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