Fredin v. Richards
Supreme Court of Minnesota
Action in the district court for St. Louis county. The facts which appeared upon the trial were as follows: In June, 1891, one P. L. Peterson, in consideration of a loan of money to him, made his promissory note for $4,000, payable to the Beaver Valley Bank of Parkersburg, Iowa, due in six months, with interest at the rate of 8 per cent, per annum.
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Action in the district court for St. Louis county. The facts which appeared upon the trial were as follows: In June, 1891, one P. L. Peterson, in consideration of a loan of money to him, made his promissory note for $4,000, payable to the Beaver Valley Bank of Parkersburg, Iowa, due in six months, with interest at the rate of 8 per cent, per annum. Upon this note plaintiffs were accommodation indorsers and guarantors, and with the note Peterson deposited as collateral certain shares of stock. At maturity this note was surrendered to Peterson, and a note for $4,000, dated December 16,1891, was…
1Opinion of the Court
PER CURIAM.2
It was held upon the former appeal in this case (see 61 Minn. 490, 63 N. W. 1031) that the facts alleged in the first count of the complaint did not state a cause of action, but that the second count did, and a new trial was granted on the second count. The second trial resulted in a verdict for the plaintiffs, and the defendants appealed from an order denying their motion for a new trial.
One of the material issues on the trial was whether the money and notes described in the complaint belonged to the defendants, of were the property of the several banks named in the notes as…
2Cases cited7 opinions
- Griffin v. BristleSupreme Court of Minnesota · 1888
- Lewis v. HavensSupreme Court of Connecticut · 1873
- Whitney v. HoughtonMassachusetts Supreme Judicial Court · 1878
- Fredin v. RichardsSupreme Court of Minnesota · 1895
- Fuller v. WilderSupreme Judicial Court of Maine · 1873
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- State v. SweeneySupreme Court of Minnesota · 1930
- McDonald v. SmithSupreme Court of Minnesota · 1906
- State Bank v. StrandbergSupreme Court of Minnesota · 1921
- Stolaroff v. CampbellCourt of Appeals of Texas · 1929
- Perkins v. Great Northern Railway Co.Supreme Court of Minnesota · 1922
6 more not listed; retrieve them via the Exa API.