Brosemer v. Brosemer
New York Supreme Court
This action was tried at an Oswego County Trial Term, held at the village of Pulaski in May, 1916. At the close of the evidence, both sides moved for a directed verdict; the jury was excused and the case was submitted to the court.
1Opinion of the CourtHubbs, J.
In September, 1909, the Second National Bank of Oswego, N. Y., loaned to the L. Brosemer Brewing Company $10,000 upon its unindorsed note. The note was renewed from time to time upon the same kind of a note. The L. Brosemer Brewing Company was a domestic corporation and all of its stock was owned by members of the Brosemer family, five brothers and sisters. Each ownéd one-fifth of the stock. The time came when the bank became dissatisfied with the loan and refused to renew it unless the five stockholders of the company would indorse the note. This was done and the bank carried the loan for…
2Cases cited4 opinions
- Penn Collieries Co. v. . McKeeverNew York Court of Appeals · 1905
- National Park Bank v. . KoehlerNew York Court of Appeals · 1912
- Wright v. Independence National BankSupreme Court of Virginia · 1899
- Cheek v. GlassIndiana Supreme Court · 1852
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