Legal Opinion
In re Yesner
District Court, D. Minnesota
Decided August 5, 1929No. 2939Published
1Opinion of the Court
SANBORN, District Judge.
Yesner &' Stone were merchants at Traey. They kept their account at the bank. On April 10, 1928, they owed the bank on notes, which were then due, approximately $4,000. They had, shortly before that time, had a fire. They received on account of their loss from the insurance company some $5,700, a portion of which was deposited in the bank, so that on April 10th, by reason of that deposit, they had a credit balance of $4,139.20. Of this amount, the bank required them to pay upon their indebtedness to it $2,609.67, which was $2,500 principal and $109.67 interest upon one…
2Cases cited5 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- Toof v. City Nat. Bank of PaducahCourt of Appeals for the Sixth Circuit · 1913
- American Bank & Trust Co. v. CoppardCourt of Appeals for the Fifth Circuit · 1915
- Jandrew v. Guaranty State Bank of OvillaCourt of Appeals for the Fifth Circuit · 1923
- Walsh v. First Nat. Bank of MaysvilleCourt of Appeals for the Sixth Circuit · 1913