Legal Opinion
Farmers & Merchants State Bank v. Mellum
Supreme Court of Minnesota
Decided January 6, 1928No. 26,388PublishedCited by 3 opinions
1Opinion of the CourtWilson, C. J.
Defendants appealed from a judgment for $5,068.48.
On December 30, 1918, defendant bank sold to plaintiff a $3,500 note given by Theodore Mellum, receiving therefor a draft for that amount on a Minneapolis bank. It fairly appears that Mellum was a customer of defendant bank, which was capitalized at $35,000. It was then carrying another Mellum note for $3,500. It claims that the money procured from plaintiff eventually went to a Sauk Center bank to pay another Mellum note, with which defendant bank re-discounted notes. Defendant bank indorsed the note so sold to plaintiff. It also indorsed…
2Cases cited20 opinions
- National Bank of the Commonwealth v. Mechanics' National BankSupreme Court of the United States · 1877
- Bank of Bethel v. Pahquioque BankSupreme Court of the United States · 1872
- People's Bank v. National BankSupreme Court of the United States · 1880
- Toledo, Wabash & Western Railway Co. v. BeggsIllinois Supreme Court · 1877
- Tracy v. . First National Bank of SelmaNew York Court of Appeals · 1868
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3Cited by3 opinions
- Federal Land Bank v. Crookston Trust Co.Supreme Court of Minnesota · 1930
- First Nat. Bank v. First Nat. BankDistrict Court, D. Minnesota · 1928
- Nelson v. Central Metropolitan BankSupreme Court of Minnesota · 1932