Legal Opinion
451 Corp. v. Pension System for Policemen & Firemen
Supreme Court of Minnesota
Decided October 16, 1981No. 51821PublishedCited by 15 opinions
1Opinion of the Court
SIMONETT, Justice.
Plaintiffs sued for damages for breach of a contract to make a mortgage loan. The trial court ordered judgment for the defendants and plaintiffs appeal. We find the contract was unenforceable since a condition for its performance was not met, and we affirm.
Plaintiff 451 Corporation is a Minnesota corporation that acquired ownership of a large office-warehouse building in Minneapolis in 1972. The corporation is owned by plaintiffs Oliver Dyste and Arthur Mueller. When acquired, the property was subject to a short-term construction mortgage and it was necessary for Dyste and…
2Cases cited4 opinions
- Cederstrand v. Lutheran BrotherhoodSupreme Court of Minnesota · 1962
- Sawyer v. Mutual Life InsuranceSupreme Court of Minnesota · 1926
- Gans v. Coca-Cola Bottling Co. Inc.Supreme Court of Minnesota · 1939
- Boyd v. HallowellSupreme Court of Minnesota · 1895
3Cited by15 opinions
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- Minnwest Bank Central v. Flagship Properties LLCCourt of Appeals of Minnesota · 2004
- Fredrich v. Independent School District No. 720Court of Appeals of Minnesota · 1991
- Capistrant v. Lifetouch Nat'l Sch. Studios, Inc.Supreme Court of Minnesota · 2018
- Aslakson v. Home Savings Ass'nCourt of Appeals of Minnesota · 1987
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