Security Bank of Minnesota v. Bell

Decision Date12 November 1884
Citation32 Minn. 409
PartiesSECURITY BANK OF MINNESOTA <I>vs.</I> S. N. BELL.
CourtMinnesota Supreme Court

Action brought in the district court for Hennepin county upon a promissory note made by defendant to plaintiff. The answer admits the making and delivery of the note, but denies any consideration for it. Upon the trial, before Lochren, J., and a jury, it appeared that the defendant gave the note, at plaintiff's solicitation, as collateral security for a past-due note (for the same amount) of defendant's son, who had just failed in business, and that there was no other consideration for it. The court directed a verdict for defendant, and plaintiff appeals from an order refusing a new trial.

W. E. Hale, for appellant.

Robinson & Bartleson, for respondent.

By the Court. There was no conflict in the evidence as to the transaction upon which the note sued on was given, and there is no question that it showed an entire want of consideration.

Order affirmed.

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19 cases
  • Bank of Montreal v. Beecher
    • United States
    • Minnesota Supreme Court
    • May 19, 1916
  • Turle v. Sargent
    • United States
    • Minnesota Supreme Court
    • December 16, 1895
    ... ... been committed. Steuben Co. Bank v. Mathewson, 5 ... Hill, 249; Swope v. Jefferson F. Ins. Co., 93 ... 946. The original note, ... being given as collateral security for the indebtedness of ... Hooker, was supported by sufficient ... Steely, supra; Schultz v. Catlin, supra; Security Bank v ... Bell, 32 Minn. 409, 21 N.W. 470; Holm v ... Sandberg, 32 Minn. 427, 21 N.W ... ...
  • Bank of Montreal v. Beecher
    • United States
    • Minnesota Supreme Court
    • May 19, 1916
    ... ... security for an antecedent debt owing to him by the indorser ... is a purchaser for value ... consideration. Security Bank of Minnesota v. Bell, ... 32 Minn. 409, 21 N.W. 470; Turle v. Sargent, 63 ... Minn. 211, 65 N.W. 349, 56 Am ... ...
  • Bank of Montreal v. Beecher
    • United States
    • Minnesota Supreme Court
    • May 19, 1916
    ...debtor, the naked promise of a third person who is indebted to neither, such promise is without consideration. Security Bank of Minnesota v. Bell, 32 Minn. 409, 21 N. W. 470; Turle v. Sargent, 63 Minn. 211, 65 N. W. 349, 56 Am. St. 475; West Coast Co. v. Bradley, 111 Minn. 343, 127 N. W. 6;......
  • Request a trial to view additional results

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