State Bank v. Mutual Telephone Co.
Supreme Court of Minnesota
Action in the district court for Ramsey county against defendant telephone company, F. F. Murray and J. R. Beggs, to recover $1,700 upon a promissory note. The answers of the individual defendants alleged that at the maturity of the note, and without their knowledge and consent, plaintiff extended the time of payment, and it was paid by a renewal note which was in turn paid by a second renewal note.
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Action in the district court for Ramsey county against defendant telephone company, F. F. Murray and J. R. Beggs, to recover $1,700 upon a promissory note. The answers of the individual defendants alleged that at the maturity of the note, and without their knowledge and consent, plaintiff extended the time of payment, and it was paid by a renewal note which was in turn paid by a second renewal note. The case was tried before Kelly, J., who directed a verdict in favor of plaintiff. From an order denying defendants’ motion for a new trial, they appealed.
1Opinion of the Court
Taylor, O.
This is a suit upon a promissory note. The trial court directed a verdict for plaintiff, and defendants appeal from an order denying a motion for a new trial.
Defendants admit the execution of the note but contend that it has been paid. Defendants Beggs and Murray further contend that they were sureties only, and that the bank extended the time for the payment of the note without their knowledge or consent and thereby released them from liability thereon.
Defendants Beggs and Murray are respectively, the president and secretary of defendant telephone company. Defendant Murray was also…
2Cases cited21 opinions
- Geib v. ReynoldsSupreme Court of Minnesota · 1886
- Savings Bank of San Diego v. Central Market Co.California Supreme Court · 1898
- Griffin v. LongSupreme Court of Arkansas · 1910
- Norton v. Metropolitan Life InsuranceSupreme Court of Minnesota · 1898
- Hess v. DilleWest Virginia Supreme Court · 1883
16 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Farmers Union Oil Company v. FladelandSupreme Court of Minnesota · 1970
- First National Bank of Sparta v. YowellTennessee Supreme Court · 1927
- Holden v. Farwell, Ozmun, Kirk & Co.Supreme Court of Minnesota · 1947
- Commerce Union Bank v. Burger-In-A-Pouch, Inc.Tennessee Supreme Court · 1983
- Lake Harriet State Bank v. VenieSupreme Court of Minnesota · 1917
19 more not listed; retrieve them via the Exa API.