McCormick v. McDonald
McCormick v. McDonald
Opinion of the Court
This is an appeal from the refusal of the trial court to set aside a nonsuit with leave taken after a ruling sustaining an objection to the introduction of any testimony for failure of the petition to state a cause of action. The petition need not be recited in full. It alleges that plaintiff is a stockholder and borrower in a building and loan association; that as such he became indebted to defendant for two loans, one in April, 1887, the other in 1889, in the respective sums of $4,320 and $480; that to secure this. indebtedness he gave two deeds of trust on his real estate and pledged his shares of stock in the defendant corporation; that he has paid on such indebtedness $3,533; that the balance due does not exceed $2,500. The petition alleges a tender of this sum, stating that plaintiff “had made all the arrangements to procure the money by a loan to be secured by said property by a first and prior deed of trust on same; that in order to be enabled to make said first and prior deed of trust to secure the loan last mentioned, this plaintiff offered to the defendants and each of them to pay the full amount due as aforesaid on the said two loans made to him as aforesaid by defendant corporation, and demanded that they should then and there release the said deeds of trust in order that he might be enabled to execute the said first deed of trust to secure the new loan for which he had arranged as aforesaid; plaintiff says that defendants and each of them refused to accept said amount of money due by him to said defendant corporation, tendered as aforesaid, although the plaintiff was then and there able, ready and willing, and offered to pay the same as above stated, and the defendants refused to receive said sum due,, and still refuse to
Case-law data current through December 31, 2025. Source: CourtListener bulk data.