Meincke v. Northwest Bank & Trust Co.
Supreme Court of Iowa
1Opinion of the Court
WIGGINS, Justice.
Janice Meincke loaned her daughter and nephew $90,000. The loan was secured by a mortgage on property owned by the daughter and nephew’s business. A bank also held mortgages on the same property; however, Janice’s mortgage had priority. For the daughter and nephew to obtain more financing, the bank required Janice to subordinate her mortgage to the bank’s by signing a subordination agreement. Janice signed the agreement, but challenged its enforcement by arguing it lacked consideration. Janice appealed a district court judgment finding of consideration. Our court of appeals…
2Cases cited15 opinions
- Magnusson Agency v. Public Entity National Co.-MidwestSupreme Court of Iowa · 1997
- McElroy v. StateSupreme Court of Iowa · 2005
- Nesler v. Fisher and Co., Inc.Supreme Court of Iowa · 1990
- Raper v. StateSupreme Court of Iowa · 2004
- M-Z Entersprises, Inc. v. Hawkeye-Security Insurance Co.Supreme Court of Iowa · 1982
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3Cited by19 opinions
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- A.Y. McDonald Industries, Inc. v. Michael B. McDonaldCourt of Appeals of Iowa · 2021
- Bernice Gill v. Bill Vorhes and Vorhes, Ltd.Court of Appeals of Iowa · 2016
- Chance Barnes, Applicant-Appellant v. State of IowaCourt of Appeals of Iowa · 2017
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