Legal Opinion

First National Bank v. Andersen

Supreme Court of Minnesota

Decided December 19, 1919No. 21,524PublishedCited by 8 opinions

Action in tlie district court for Yellow Medicine county to recover $850. The case was tried before Daly, J., who when plaintiff rested denied defendants’ motion to dismiss the action and when defendants rested denied plaintiff’s motion for a directed verdict, and a jury which returned a verdict in favor of defendants. From an order denying its motion fox judgment notwithstanding the verdict or for a new trial, plaintiff appealed.

1Opinion of the CourtDibell, J.

Action on two promissory notes. There was a verdict for the defendants and the plaintiff appeals from the order denying its alternative motion for judgment or a new trial.

The two notes were given by the defendants to one Edwards as payee. It is conceded that they were given under such circumstances that the *289makers had a defense and that the burden was upon a purchaser to show good faith. G. S. 1913, § 5871.

Edwards took the notes to the Citizens State Bank of Minneapolis with other notes, making an aggregate of $5,850, borrowed $4,000 from the bank, and used these two and the other notes as…

2Cases cited5 opinions

  1. Tourtelot v. ReedSupreme Court of Minnesota · 1895
  2. First National Bank v. PersallSupreme Court of Minnesota · 1910
  3. Merchants' National Bank v. McNeirSupreme Court of Minnesota · 1892
  4. Merchants National Bank v. SullivanSupreme Court of Minnesota · 1896
  5. Gale v. BirminghamSupreme Court of Minnesota · 1896

3Cited by8 opinions

  1. M & M Securities Co. v. DirnbergerSupreme Court of Minnesota · 1933
  2. Olsen v. HoffmannSupreme Court of Minnesota · 1928
  3. Knott v. HawleySupreme Court of Minnesota · 1925
  4. Commercial Finance Corp. v. GaleSupreme Court of Vermont · 1932
  5. DePalma v. RosenSupreme Court of Minnesota · 1972

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