Sawyer v. Menominee Loan & Building Ass'n
Michigan Supreme Court
Appeal from Menominee. (Stone, J.) Bill to compel the cancellation of a mortgage and the .accompanying bond upon payment of a certain amount. Complainant appeals. The facts .are stated in the opinion.
1Opinion of the CourtLono, J.
In September, 1888, complainant applied to the defendant association for a loan, and in order to procure it was obliged to subscribe for stock in the association. The taking of the stock and procuring the loan were all one transaction. James H. Walton was secretary of the *230association, and acted in the transaction in behalf of the defendant. Complainant claims that, before he subscribed for the stock, Walton, in setting forth the advantages to-be gained by a borrower, among other things, represented that such borrower could pay a loan at any time, at the end of any quarter, and could settle on…
2Cases cited4 opinions
- Mead v. . BunnNew York Court of Appeals · 1865
- Holcomb v. NobleMichigan Supreme Court · 1888
- Union National Bank v. HuntSupreme Court of Missouri · 1882
- Hough v. RichardsonU.S. Circuit Court for the District of Maine · 1845
3Cited by11 opinions
- Bertche v. Equitable Loan & Investment Ass'nSupreme Court of Missouri · 1898
- Krause v. CookMichigan Supreme Court · 1906
- Hartman v. International Building & Loan Ass'nIndiana Court of Appeals · 1901
- Phelps v. American Savings & Loan Ass'nMichigan Supreme Court · 1899
- Smalley v. McGrawMichigan Supreme Court · 1907
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