Pioneer Savings & Loan Co. v. Freeburg
Supreme Court of Minnesota
Appeal by plaintiff, the Pioneer Savings and Loan Company, from an order of the District Court of Hennepin County, Charles M. Pond, J., made March 9, 1891, denying its motion for a new trial.
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Appeal by plaintiff, the Pioneer Savings and Loan Company, from an order of the District Court of Hennepin County, Charles M. Pond, J., made March 9, 1891, denying its motion for a new trial. The defendants, Olaf A. Freeburg, as principal, and John Dunn, Patrick King and George McGregor, as sureties, made their bond August 1, 1S90, to the plaintiff in the penal sum of $18,000 with the condition that if Freeburg should within four months thereafter complete a building according to plan on lots that day mortgaged to it and pay all bills for labor and materials and keep and maintain the mortgage…
1Opinion of the CourtCanty, J.
On August 1, 1890, Olaf A. Freeburg was the owner of a city lot or tract of land, and on that day mortgaged it to plaintiff to secure the repayment to it of $8,000, which it then agreed to loan to him. There was a building on the land, in process of erection, and, in consideration of such loan, he as principal, and the defendants Dunn and McGregor as sureties, then made and executed to plaintiff a bond in the penal sum of $18,000, conditioned that said Olaf A. Freeburg should within four months thereafter erect and complete said building according to plans, and to be of a cost of $19,000, and…
2Cases cited6 opinions
- Simonson v. GrantSupreme Court of Minnesota · 1887
- Bragg v. ShainCalifornia Supreme Court · 1874
- American Building & Loan Ass'n v. WaleenSupreme Court of Minnesota · 1892
- Truckee Lodge v. WoodNevada Supreme Court · 1879
- Carson Opera House Ass'n v. MillerNevada Supreme Court · 1881
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Schmidt v. McKenzieSupreme Court of Minnesota · 1943
- American Tobacco Co. v. ChalfenSupreme Court of Minnesota · 1961
- Sletten v. First National BankNorth Dakota Supreme Court · 1917
- Webster v. MajorIndiana Court of Appeals · 1904
- Martin v. FeeSupreme Court of Minnesota · 1929
1 more not listed; retrieve them via the Exa API.