Legal Opinion
Boubelik v. Liberty State Bank
Supreme Court of Minnesota
Decided August 29, 1996No. C3-94-1136PublishedCited by 32 opinions
1Opinion of the Court
OPINION
ANDERSON, Justice.
Plaintiffs William Baker and Henry Boubelik obtained a loan from Liberty State Bank for the purpose of investing in Lindsay’s Bar, a bar and restaurant to be owned and operated by Joseph Baker, William’s brother. Plaintiffs’ loan from Liberty was secured by collateral pledged by plaintiffs and equipment to be used for Lindsay’s Bar. Lindsay’s Bar never opened. Joseph Baker, who was both a business and personal customer of Liberty, defaulted on his obligations to Liberty and filed for bankruptcy protection. Plaintiffs defaulted on their loan obligations and Liberty…
2Cases cited22 opinions
- Frost-Benco Electric Ass'n v. Minnesota Public Utilities CommissionSupreme Court of Minnesota · 1984
- Hibbing Education Ass'n v. Public Employment Relations BoardSupreme Court of Minnesota · 1985
- A. J. Chromy Construction Co. v. Commercial Mechanical Services, Inc.Supreme Court of Minnesota · 1977
- Klein v. First Edina National BankSupreme Court of Minnesota · 1972
- Denison State Bank v. MadeiraSupreme Court of Kansas · 1982
17 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Hoang Minh Ly v. NystromSupreme Court of Minnesota · 2000
- Group Health Plan, Inc. v. Philip Morris Inc.Supreme Court of Minnesota · 2001
- United Jersey Bank v. KenseyNew Jersey Superior Court Appellate Division · 1997
- Gregory L. Iverson v. Johnson Gas Appliance Co., an Iowa CorporationCourt of Appeals for the Eighth Circuit · 1999
- Graphic Communications Local 1B Health & Welfare Fund "A" v. CVS Caremark Corp.Supreme Court of Minnesota · 2014
27 more not listed; retrieve them via the Exa API.