First National Bank v. Gallagher
Supreme Court of Minnesota
Action in the district court for Swift county to recover $971.79, deficiency after foreclosure of a mortgage. The defense is stated in the opinion. The case was tried before Qvale, J., who directed a verdict in favor of plaintiff for $1,020.84. From an order granting defendants’ motion for a new trial, plaintiff appealed.
1Opinion of the CourtBrown, J.
On March 1, 1906, defendants, husband and wife, made and delivered to plaintiff their promissory note for the sum of $2,500, *464payable in five years, as and. for a loan of that sum then made to them by the bank. To secure the payment of the note defendants executed a mortgage upon real property owned by the husband. Default was made in the payment of the debt and the mortgage was duly foreclosed, plaintiff becoming the purchaser at the sale. The amount bid for the property at the sale was $2,500, and there remained then due upon the mortgage, principal and unpaid interest, the sum of $971.79'.…
2Cases cited11 opinions
- Ryan v. DunlapIllinois Supreme Court · 1855
- Wallis v. LongSupreme Court of Alabama · 1849
- Howard v. GreshamSupreme Court of Georgia · 1859
- Schweider v. LangSupreme Court of Minnesota · 1882
- Guernsey v. American InsuranceSupreme Court of Minnesota · 1868
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3Cited by11 opinions
- Bernkrant v. FowlerCalifornia Supreme Court · 1961
- Smith v. Woodwind Homes, Inc.Court of Appeals of Minnesota · 2000
- Associated Cinemas of America, Inc. v. World Amusement Co.Supreme Court of Minnesota · 1937
- Williamson v. FalkenhagenSupreme Court of Minnesota · 1929
- Riley v. AthertonSupreme Court of Arkansas · 1932
6 more not listed; retrieve them via the Exa API.