Live Stock State Bank v. Maupin

MISER, C.

Appellant is a 'Minnesota hank. In 1919, respondent Chas. A. 'Maupin and one Collins either bought cattle from the bank or bought cattle -with money borrowed from the bank. They gave their notes in the sum of $14,500 therefor, secured by -chattel mortgages on the cattle. A severe storm in March, 1920, -caused a loss of 100 of these cattle. The approximately 80 head remaining furnished inadequate security for the loan. Respondent Caroline Maupin, wife of 'Charles, was not indebted o-n these notes. She owned in fee simple a quarter section of land in Dewey county. 'Charles owned an…