Hohag v. Northland Pine Co.
Supreme Court of Minnesota
Action iu the district court for Hennepin county to recover $25,000 to be paid out of a fund of $56,000 in the control of defendant Minneapolis Trust Company. The separate answers of defendants set up the agreement mentioned in the first paragraph of the opinion. The case was tried before Fish, J., who made findings and ordered judgment in favor of plaintiff.
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Action iu the district court for Hennepin county to recover $25,000 to be paid out of a fund of $56,000 in the control of defendant Minneapolis Trust Company. The separate answers of defendants set up the agreement mentioned in the first paragraph of the opinion. The case was tried before Fish, J., who made findings and ordered judgment in favor of plaintiff. From that part of the judgment entered pursuant to the order for judgment which reads: “That plaintiff recover herein against said Minneapolis Trust Company, trustee, the further sum of *$25,087.50’ out of the aggregate shares of the…
1Opinion of the CourtHallam, J.
In April, 1915, the Twin City Motor Speedway Company contracted to buy from plaintiff 80 acres of land for $40,000. In January, 1916, there remained due on the contract about $25,000. In the meantime the speedway company had expended large sums in construction of a speedway upon said land and was indebted to numerous other creditors in an amount, including 'plaintiff’s claim, aggregating about $350,000. On January 16, 1916, pursuant to mutual agreement, the speedway company, to adjust the indebtedness, issued its bonds in the amount of $350,000, and executed and delivered to the Minneapolis…
2Cases cited4 opinions
- Parsons, Rich & Co. v. LaneSupreme Court of Minnesota · 1906
- Wilson v. EigenbrodtSupreme Court of Minnesota · 1882
- Hall v. McCormickSupreme Court of Minnesota · 1883
- Plymouth Cordage Co. v. SeymourSupreme Court of Minnesota · 1897
3Cited by7 opinions
- Anderson v. Twin City Rapid Transit Co.Supreme Court of Minnesota · 1957
- Clark v. DyeSupreme Court of Minnesota · 1924
- Kleven v. Geigy Agricultural ChemicalsSupreme Court of Minnesota · 1975
- Ohio Confection Co. v. Eimon Mercantile Co.Supreme Court of Minnesota · 1923
- Davis v. Newcombe Oil Co.Supreme Court of Minnesota · 1938
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