Legal Opinion
Lake Street State Bank v. Hunter
Supreme Court of Minnesota
Decided January 28, 1927No. 25,807PublishedCited by 3 opinions
1Opinion of the CourtStone, J.
Action on a promissory note against the maker and an accommodation indorser. After a trial without a jury and findings for plaintiff, the indorser, defendant Thomas, appeals from the order denying his motion for amended findings or .a new trial.
The case seems to have proceeded a long way upon the erroneous theory that an indorser before delivery is liable as a comaker. That is no longer the law. Accommodation parties are now liable in the capacity in which they appear upon the instrument, whether as makers or indorsers. N. I. L. §§ 29, 192, (G. S. 1923, §§ 7072, 7236); G. Sommers & Co. v.…
2Cases cited4 opinions
- Blanchard v. McDougalWisconsin Supreme Court · 1858
- Vernon Center State Bank v. MangelsenSupreme Court of Minnesota · 1926
- G. Sommers & Co. v. Tintah Co-Operative Mercantile Co.Supreme Court of Minnesota · 1923
- State v. SpaldingSupreme Court of Minnesota · 1926
3Cited by3 opinions
- State v. GregorySupreme Court of New Jersey · 1975
- Aetna Life Insurance Co. v. CashmanSupreme Court of Minnesota · 1930
- Traub & Mantz Mortgage Corp. v. SchreiberSupreme Court of Minnesota · 1927