Farmers State Bank v. Walch
Supreme Court of Minnesota
Action in the district court for Hennepin county to recover $1,600 upon the instrument quoted in the opinion. The defense set up in the answer is stated in the opinion. The case was tried before Steele, J., who at the close of the trial denied separate motions for directed verdicts, and a jury which returned a verdict in favor of defendant. Plaintiff’s motion for judgment notwithstanding the verdict was granted.
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Action in the district court for Hennepin county to recover $1,600 upon the instrument quoted in the opinion. The defense set up in the answer is stated in the opinion. The case was tried before Steele, J., who at the close of the trial denied separate motions for directed verdicts, and a jury which returned a verdict in favor of defendant. Plaintiff’s motion for judgment notwithstanding the verdict was granted. From the judgment entered pursuant to the order for judgment, defendant appealed.
1Opinion of the CourtSchaller, J.
On October 8, 1913, at Rockwell, Iowa, plaintiff, in the usual course of business for a valuable consideration without notice and before maturity, purchased from the Colby Motor Company the instrument hereinafter set out, which was duly indorsed and assigned to it by the payee. .
“Mason City, Iowa, September 23, 1913. No. 18118.
“One year after date for value received I promise to pay Colby Motor Company or order $1,6.00.00 Sixteen Hundred and no-100 Dollars, with interest at the rate of eight per cent per annum, payable annually at The First National Bank of Mason City. Should any of the…
2Cases cited9 opinions
- Cruikshank v. St. Paul Fire & Marine InsuranceSupreme Court of Minnesota · 1899
- Jones v. RadatzSupreme Court of Minnesota · 1880
- Wilcox v. BergmanSupreme Court of Minnesota · 1905
- Crandall v. Great Northern Railway Co.Supreme Court of Minnesota · 1901
- Headline v. Great Northern Railway Co.Supreme Court of Minnesota · 1910
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3Cited by1 opinion
- Beard v. Chicago, Milwaukee & St. Paul Railway Co.Supreme Court of Minnesota · 1916