Keith v. First National Bank

162 N.W. 691, 36 N.D. 315, 1917 N.D. LEXIS 197
CourtNorth Dakota Supreme Court
DecidedApril 16, 1917
StatusPublished
Cited by7 cases

This text of 162 N.W. 691 (Keith v. First National Bank) 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
Keith v. First National Bank, 162 N.W. 691, 36 N.D. 315, 1917 N.D. LEXIS 197 (N.D. 1917).

Opinion

Grace, J.

This case is an appeal from a judgment of the district, court of Hettinger county, and an appeal from an order of the said court denying the motion of the defendant notwithstanding the verdict, or, in. the alternative, a new trial.

The plaintiff, in his complaint, in substance, states that defendant is a banking corporation under the laws of the United States of America. That the plaintiff deposited with defendant an assignment of contract, for the purchase of the southwest quarter of section 23, in Township 135,. north of Range 97, at the same time deposited a warranty deed for- said land, both to be delivered by said defendant to W. T. Loomis upon the-payment to said defendant by W. T. Loomis of one thousand nine hundred twenty-four and 5%oo dollars ($1,924.59), for the account and credit of the plaintiff, on or before sixty (60) days from March 27th,. 1911. That said deposit was accompanied with a letter of instructions-in words and figures as follows:

New England, N. Dak., Mar. 27th, 1911-
The Eirst National Bank,
New England, N. Dak.
I herewith deposit with you assignment contract for the purchase of' S. W. 23-135-97, also warranty deed for the same land, all to be delivered to W. T. Loomis on payment of nineteen hundred twenty-four and fifty-nine one-hundredths dollars in your hands for my account and credit on or before sixty days from date. Cash received to-day $40,. leaving balance of $1,884.59.
Frank Keith.

That defendant, within said period of sixty days, turned over and delivered to said W. T. Loomis the assignment of contract and warranty deed of said premises; that defendant failed, neglected, and refused, and still fails, neglects, and refuses, to pay this plaintiff the sum of $1,884.-59, or to place the same to plaintiff’s account and credit, or any part. [320]*320thereof, though demanded, and claims damages in the sum of one thous- and eight hundred eighty-four and 5%oo ($1,884.59).

The defendant answering interposes a general denial, and on information and belief alleges that on the 1st day of January 1910, W. T. Loomis was the owner of said land and sold the same to plaintiff under contract for deed, payable in instalments and subject to prior indebtedness owed by Loomis and a then lien against the said land; and further alleges that it was agreed between W. T. Loomis and the plaintiff that W. T. Loomis should offer said land for sale to Mary Carlon, with whom Loomis was then in communication. It is further alleged by the defendant that it was agreed between Loomis, plaintiff, and one H. B. Baillet, in order to complete the sale of said land to said Carlon, or to such person as Loomis might be able to make sale to, and in order that such sale might be more readily consummated during the absence of plaintiff, assignment of the contract held by plaintiff together with the warranty deed from plaintiff to Loomis should be left with Baillet, who was acting in conjunction with Loomis in the sale of said land, and defendant further alleges that it was there agreed that in event Loomis should deem it necessary to place said documents of record in the office of the register of deeds in the county of Hettinger, in order to show merchantable title to said land any time, that the said Baillet should deliver the said documents to Loomis for such purpose, or himself have the same recorded. That Loomis and Baillet deemed it necessary, in order to show a merchantable title to said land in said Loomis for the purpose of sale, that said document should be placed of record, and they thereupon did have the same recorded in the office of the register of deeds for Hettinger county. Defendant further alleges that he had no custody or control •of said documents nor any knowledge relative thereto', that said documents were always in the possession and under the control of H. D. Bail-let and W. T. Loomis; that the transaction regarding the sale of said land to Mary Carlon was conducted by Loomis and Baillet in behalf •of the plaintiff, and without knowledge of defendant, and for the benefit and profit of plaintiff and said Loomis and Baillet. Defendant further alleges that if the documents were placed with the defendant in the manner alleged by plaintiff, that such deposit was immediately released by directions of the plaintiff, then and there given contemporaneously with such deposit, that the same should be delivered to W. T. [321]*321Loomis when he should request, and that the same were delivered to Loomis upon his request and demand and according to directions aforesaid.

The facts in the case appear to be as follows: That on March 27th, 1911, the plaintiff delivered the assignment of contract then held by him for the purchase of the southwest quarter of section 23, township 135, north of range 97, and also a warranty deed to the same' premises to the First National Bank of New England, North Dakota, and also at the same time delivered to the bank a certain written instruction with reference to the delivery of said assignment of contract and warranty ■deed, which is “exhibit A” in the case. That the contract and deed were to be delivered to W. T. Loomis on the payment of one thousand nine hundred twenty-four and 5%oo dollars ($1,924.59) to the defendant for plaintiff within sixty (60) days from March 27th, 1911; that at the same time Loomis has paid $40 by a check to the plaintiff upon the purchase price of the plaintiff’s equity in the said land, leaving a balance of $1,884.59 yet to be paid by Loomis to plaintiff. It is also a fact that •during all the time of the transactions in this case, H. D. Baillet was the vice president of said First National Bank of New England, North Dakota, and one of the directors thereof, and performed part of the work in said bank, at times waited on the customers and otherwise took part in the business transactions in the bank. It is a further fact that the assignment of contract and warranty deed were kept by the defendnnt, after receiving them, for some months, and were delivered to said Loomis by the defendant by its vice president, Baillet.. It is a further •fact that defendant was in the habit of receiving papers in escrow and kept a file in his bank for papers left in escrow, and acted in similar capacity upon other occasions, and generally received papers from its customers in the course of its business.

We are now going to examine specifications of error assigned by the Appellant. We have examined the same with considerable care and have scrutinized each assigned error for the purpose of determining whether the matters assigned as errors are really and truly reversible errors. The first error assigned is the overruling by the court of the objection of counsel for the defendant to the offer of plaintiff’s counsel relating to the offer of plaintiff in evidence of deposition of testimony of one IT. D. Baillet for the purpose of showing Baillet’s relation with the [322]*322First National Bank at the time of the alleged transactions. The objection of the counsel for the defendant to the introduction of such testimony was that it was incompetent, irrelevant, and immaterial; that the transaction was not within the scope or powers of a national bank; that the contract sued upon is ultra vires; that there were no allegations set

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Cite This Page — Counsel Stack

Bluebook (online)
162 N.W. 691, 36 N.D. 315, 1917 N.D. LEXIS 197, Counsel Stack Legal Research, https://law.counselstack.com/opinion/keith-v-first-national-bank-nd-1917.