Minnesota Supreme Court, 1893

Wyatt v. Jackson

Wyatt v. Jackson
Minnesota Supreme Court · Decided October 20, 1893 · Gilnillan
55 Minn. 87; 56 N.W. 578; 1893 Minn. LEXIS 147 (Minnesota Reports)

Wyatt v. Jackson

Opinion of the Court

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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.