Legal Opinion
First National Bank v. International MacHines Corp.
Supreme Court of Minnesota
Decided January 26, 1968No. 40540PublishedCited by 5 opinions
1Opinion of the Court
Murphy, Justice.
This is an appeal from an order of the district court denying a motion for amended findings and conclusions of law or a new trial in an action in which appellant-defendants, Edward H. Dean and Ray A. Johnson, were found liable on undertakings to guarantee payment of part of a loan made by plaintiff, First National Bank of Hopkins, to International Machines Corporation. It is contended that the court should have found that the contracts of guaranty executed by appellants were not supported by a valid consideration and that they were procured by fraud.
It appears from the record…
2Cases cited2 opinions
- Watkins Products, Inc. v. ButterfieldSupreme Court of Minnesota · 1966
- Bowen v. ThwingSupreme Court of Minnesota · 1894
3Cited by5 opinions
- State Bank of Burleigh County v. PorterNorth Dakota Supreme Court · 1969
- Midway National Bank v. GustafsonSupreme Court of Minnesota · 1968
- United States of America, Appellee-Cross-Appellant v. Ben T. Lowell and Louise D. Lowell, Appellants-Cross-AppelleesCourt of Appeals for the Sixth Circuit · 1977
- Baker v. Citizens State Bank of St. Louis ParkSupreme Court of Minnesota · 1984
- MacKenzie v. Summit National Bank of St. PaulCourt of Appeals of Minnesota · 1985