The Northwestern Reporter Volume 165

The Northwestern Reporter Volume 165

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 edition. Excerpt: ...of the land contracts for security. There is some dispute in the record as to the exact date when the bank took over the contracts, but, notwithstanding the claim of some of the bank officers that the contracts were not received until after the purchase of the notes, the record as a whole shows beyond reasonable doubt that they are mistaken In this respect, and that the contracts were in fact assigned and delivered to the bank together with the notes. March 18, 1912, plaintiff made a tender of the full amount called for In his notes, and also the ones executed by Peet, and demanded a deed to the land covered by the contracts. This demand was made of the appellee bank, but it could not make the title, and the money so tendered was deposited In the Delaware State Bank, and afterwards by written agreement transferred to the appellee bank. The tender covered the amount due and to become due on the notes at the time it was made. It is stipulated in the agreement under which the tender and deposit were made as follows: "Both the State Bank of Edgewood and Levi M. Todd are desirous of avoiding any loss to any one of the interest on the amount still remaining unpaid on said notes and contracts, and it is therefore agreed between the said State Bank of Edgewood and the said Levi M. Todd that the amount above stated offered to be paid by the said Levi M. Todd and by him tendered, which is now on deposit, as above stated, with the Delaware County State Bank, shall be deposited by him with the State Bank of Edgewood under the following agreement and understanding, that is to say: "That so long as the same is left by the said Levi M. Todd with said bank the said deposit shall have the same force and effect with relation to the tender more

Product details

  • Paperback
  • 189 x 246 x 58mm | 2,041g
  • United States
  • English
  • black & white illustrations
  • 1236765559
  • 9781236765550