Second Nat. Bank of Grand Forks v. Sproat
Supreme Court of Minnesota
Appeal by plaintiff, the Second National Bank of Grand Forks from an order of the District Court of Polk County, Ira B. Mills, J., made September 16, 1892, denying- its motion for a new trial. The defendant, William C. Sproat on January 14, 1887, borrowed of Howres & Dwyer two hundred and fifty dollars and made and delivered to them his promissory note by which he promised to pay that firm or order on June 1, 1887, that amount with interest.
Read the full summary
Appeal by plaintiff, the Second National Bank of Grand Forks from an order of the District Court of Polk County, Ira B. Mills, J., made September 16, 1892, denying- its motion for a new trial. The defendant, William C. Sproat on January 14, 1887, borrowed of Howres & Dwyer two hundred and fifty dollars and made and delivered to them his promissory note by which he promised to pay that firm or order on June 1, 1887, that amount with interest. ITowes & Dwyer on the same day sold and indorsed the note to the plaintiff and waived protest and notice. The bank brought this action thereon to recover…
1Opinion of the CourtVanderburgh, J.
Defendant made the note in suit payable to Howes & Dwyer, who got the same discounted at the plaintiff’s bank, and the defendant sold and delivered wheat to the payees, Howes & Dwyer, in consideration of which they were to provide for the payment of the note to the bank; and the defense set up in the answer, in substance, is that the plaintiff bank held certain collateral securities for indebtedness to it of Howes & Dwyer, the surplus proceeds of which over such indebtedness it was mutually agreed should be applied by the bank to the payment of this note, and it is alleged that, after such…
2Cited by6 opinions
- In re Estate of DonaldsonSupreme Court of Iowa · 1904
- Shurtleff v. Norcross & TrusteeSupreme Court of Vermont · 1921
- Stephenson v. SheldonSupreme Court of Iowa · 1942
- Slimmer v. State BankSupreme Court of Minnesota · 1916
- Agricultural Credit Corp. v. JohnsonSouth Dakota Supreme Court · 1935
1 more not listed; retrieve them via the Exa API.