Eastman v. Farmers State Bank of Olivia

Appeal from a judgment in favor of plaintiffs.

Plaintiffs were tenants in common of a 320-acre farm in Ren-ville county encumbered by a mortgage for $17,365, due in February, 1926. There was also a ditch lien against the property of $3,013.10. Plaintiffs arranged with the Farmers State Bank of Olivia, of which they were not regular customers, to procure for them a loan on said farm in the snm of $17,000 and, in’ writing’, authorized the bank to represent them in connection therewith. The purpose of the loan was to pay off the ditch lien and apply the balance thereof toward the discharge of the…