First National Bank v. Strauss

194 N.W. 900, 50 N.D. 71, 1923 N.D. LEXIS 77
CourtNorth Dakota Supreme Court
DecidedJuly 24, 1923
StatusPublished
Cited by5 cases

This text of 194 N.W. 900 (First National Bank v. Strauss) is published on Counsel Stack Legal Research, covering North Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First National Bank v. Strauss, 194 N.W. 900, 50 N.D. 71, 1923 N.D. LEXIS 77 (N.D. 1923).

Opinion

Phutsttansox, J.

This is an action upon a promissory note in tie sum of $361, dated December 1st, 1919, and payable December 1st, 1930,.executed and delivered by the defendant to tlie plaintiff bank. The complaint is in the usual form. The answer admitted tbe execution of the note, but alleged that it was given solely as an accommodation to the plaintiff bank, and that defendant received no consideration therefor whatsoever. Plaintiff interposed a reply, denying all the new matter set forth in the answer. The case was tried to a jury upon the issue thus framed. At the close of all the testimony a verdict was [72]*72directed in favor of tlie defendant, and plaintiff has appealed from the judgment entered upon the verdict.

Appellant contends that under chapter 133, Laws 1921, the trial .court was inhibited from directing a'verdict, and that its action in so doing was error requiring a reversal. In answering this contention respondent says: 1. That plaintiff waived the benefit of chapter 133, Laws 1921; and, 2. That in any event the defendant was entitled to a directed verdict, and that consequently the trial court’s action was error without prejudice. Chapter 133, Laws 1921, provides:

“When at the close of the testimony any party to the action moves the court to direct a verdict in his favor, and the adverse party objects thereto, such motion shall be denied and the court shall submit to the jury such issue or issues, within the pleadings on which any evidence has been taken, as either or any party to the action shall request, but upon a subsequent motion, by such moving party after verdict rendered in such action, that judgment be entered notwithstanding the verdict, or if the jury have failed to agree upon a verdict, for a directed verdict, the court shall grant the same if, upon the evidence as it stood at the time such motion to direct a verdict was made, the moving party was entitled to such directed verdict. An order for judgment notwithstanding the verdict may also be made on a motion in the alternative form asking therefor, or if the same be denied, for a new trial. If the motion for judgment notwithstanding the verdict be denied, the supreme court, on appeal from the judgment, may order judgment to be entered, when it appears from the testimony that a verdict should have been so directed; and it may also so order on appeal from the whole order denying such motion when made in the alternative form whether a new trial was granted or denied by such order.”

Upon the trial of the case the plaintiff called the defendant for cross-examination under the statute. The note in suit was thereupon marked as an exhibit and shown to the defendant who admitted that he had signed the same. Thereupon plaintiff rested. The defendant was then put upon the stand as a witness in his own behalf. lie testified that the note in suit was given in renewal of a former note in the sum of $250'; dated Ilarch 21th, 1919, and payable November 15th, 1919. Tliiá note was offered in evidence by the defendant. The note is payable to one, A. E. Ilonzar, Jr., and bears an indorsement by him the [73]*73Fanners Co-operative Milling Company, and also, the indorsement of such Milling Company. The defendant testified that on or about ‘March 2-tth, 1919, one Johnstone, then president of the plaintiff bank, came and saw the defendant and stated that he, Johnstone, desired to have the defendant purchase some stock in a milling company then being organized for the purpose of constructing a mill at Ashley. That in such conversation he (Johnstone) stated that money was being withdrawn from his bank; that a large amount of money had already been withdrawn; that the electric light company owning and operating an electric light plant in Ashley was indebted to the bank in a considerable sum; that it was proposed to sell the electric light plant to the milling company and if snch sale was made the electric light company would be able to pay its obligations to the hank. The defendant further testified that during such conversation Jolmstone said “you are simply helping me out and the hank if you take this here, you get them now, ten shares for $250, which will he later on worth $300, and he says then I will take this hack, and I said, what benefit will yon have to take this hack ? lie said, they will he sold later on for $300, and the bank will get the benefit of the $50, and you will not he anything out, and it sounded reasonable to me and I had all the confidence in the world in the man and I signed the note.”

The defendant further testified that when the note became due John-stone again came to see him and suggested that he execute a renewal; that he, the defendant, did not want to renew hut that finally he did; that upon executing and delivering the note in suit he received the first note which he signed. The defendant further testified regarding a conversation which he claims to have had with Johnstone sometime after the hank demanded payment of the note in suit. Thereafter, the plaintiff introduced the evidence of the assistant cashier of the bank (John-stone’s son) whose testimony tended to contradict the version of snch conversation as given by the defendant; and it was farther sought to prove by such witness certain .facts relating to the consideration paid by the bank for the note against the defendant. After this testimony-had been introduced and plaintiff bad announced that it rested its case, defendant’s counsel moved for a directed verdict on the ground that all the testimony showed that there was no consideration for the note in question and that the same is and was an accommodation note. Plain[74]*74tiff’s counsel thereupon stated: “the plaintiff renews his objection to the motion.” The defendant thereupon was recalled as a witness in his own behalf for further examination. At the close thereof, and both parties having rested, the defendant again moved the court for a directed verdict. At this time plaintiff’s attorneys said: “Plaintiff objects to the granting of the motion.” Immediately following plaintiff’s counsel made a motion for a directed verdict in favor of the plaintiff. No objection was made to said motion by defendant’s counsel. Thereupon the court directed a verdict in favor of the defendant. Plaintiff’s counsel thereupon said: “To which ruling of the court the defendant duly accepts.”

Defendant contends that this record establishes waiver on the part of the plaintiff of the provisions of chapter 133,-Laws 1921. In support of this contention he cites Zimmerman v. Chicago & N. W. R. Co. 129 Minn. 4, 151 N. W. 412, and calls attention to the fact that chapter 133, Laws 1921, was adopted from Minnesota, with only a very-slight change. It is, therefore, asserted that the construction of the statute by tbe supremo coxxrt of Minnesota is controlling or at least entitled to great weight.

Tbe Minnesota supreme court said:

“It is further urged by defendants that plaintiff waived the right to object to a directed verdict by arguing the motion upon the merits. The record indícales that no formal objection was made when the motion was made, but after a long argument plaintiff did object both because be had the right so to do under the statute quoted and also on the merits. Thereupon a lengthy controversy between counsel arose, in the course of which plaintiff asked, and was denied, permission to open the ease for the introduction of additional evidence. Finally the court said: T don’t understand any objection has been made to a directed verdict lie.ro.’ Plaintiff’s counsel made no response, but after the verdict had been directed an exception was taken.

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Cite This Page — Counsel Stack

Bluebook (online)
194 N.W. 900, 50 N.D. 71, 1923 N.D. LEXIS 77, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-national-bank-v-strauss-nd-1923.