Gasser v. Great Northern Insurance
Supreme Court of Minnesota
Action in the district court for St. Louis county to recover $5,000 paid for 200 shares of capital stock in defendant company.
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Action in the district court for St. Louis county to recover $5,000 paid for 200 shares of capital stock in defendant company. The case was tried before Cant, J., who when plaintiff rested denied defendant’s motion to dismiss the action and at the close of the testimony plaintiff’s motion for a directed verdict, and a jury which returned a verdict for $5,070.83. From the order denying defendant’s motion for judgment notwithstanding the verdict or for a new trial, defendant appealed. Affirmed.
1Opinion of the CourtHallam, J.
1. Defendant is an insurance corporation with its principal office in St. Paul. Plaintiff is a business man in Duluth. On June 22, 1917, plaintiff subscribed for 200 shares of stock in defendant company, on solicitation of L. C. Connor, a stock salesman. At the time of making the subscription, plaintiff received a receipt for money paid, signed by Connor, and written into it was a stipulation which plaintiff testified read as follows: “That it is here specifically agreed and understood, that in the event the Great Northern Insurance Company fails to locate its general offices in Duluth * * *…
2Cases cited13 opinions
- Vent v. Duluth Coffee & Spice Co.Supreme Court of Minnesota · 1896
- Ophir Consol. Mines Co. v. BryntesonCourt of Appeals for the Seventh Circuit · 1906
- Freeman v. F. P. Harbaugh Co.Supreme Court of Minnesota · 1911
- Kleeberg v. SchraderSupreme Court of Minnesota · 1897
- Lyons v. SniderSupreme Court of Minnesota · 1917
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3Cited by5 opinions
- Independent Harvester Co. v. MalzohnSupreme Court of Minnesota · 1920
- Otter Tail Power Co. v. Village of WheatonSupreme Court of Minnesota · 1951
- State v. SpaldingSupreme Court of Minnesota · 1926
- Engen v. Sheridan County State BankSupreme Court of Minnesota · 1925
- Thomsen v. Union Loan & Finance Co.Supreme Court of Minnesota · 1936