8137 Precedential Affirmed Processed

Wyatt v. Jackson

Minnesota Supreme Court · Filed October 20, 1893 · 56 N.W. 578

Cited by

Miller v. American National Bank 11 N.W.2d 655 Minn. 1943
Little v. Dyer 233 N.W. 7 Minn. 1930
Veigel v. Johnson 204 N.W. 36 Minn. 1925
Baldwin v. Capitol Steam Laundry Co. 122 N.W. 460 Minn. 1909
Wickstrom v. Swanson 120 N.W. 1090 Minn. 1909
Mundal v. Minneapolis & St. Louis Railroad 99 N.W. 273 Minn. 1904
Genevey v. Edwards 56 N.W. 578 Minn. 1893

Opinion text

Gilnillan, C. J. It is a matter of no importance in this case what the character of the transaction in respect to the stock was,— that it was an executory contract by plaintiff to transfer the stock to defendant, or a transfer by plaintiff to defendant, and a pledging or mortgaging by the latter to the former, — for, whatever its character, defendant acquired by it rights in respect to the stock which, upon performance of the contract on his part, he could enforce against plaintiff; and the vesting in him of such rights-was a sufficient consideration for the note he executed for the stock. Order affirmed.