BICHEL OPTICAL LAB., INC. v. MARQUETTE NAT. BANK OF MPLS.

No. 4-70 Civ. 420.

336 F.Supp. 1368 (1971)

BICHEL OPTICAL LABORATORIES, INC., Plaintiff, v. The MARQUETTE NATIONAL BANK OF MINNEAPOLIS, Defendant.

United States District Court, D. Minnesota, Fourth Division.

December 17, 1971.


Attorney(s) appearing for the Case

James B. Lund, Minneapolis, Minn., for plaintiff.

Levitt, Palmer, Bowen, Bearmon & Rotman, by Lee Bearmon, Minneapolis, Minn., for defendant.


NEVILLE, District Judge.

Plaintiff corporation alleges that it borrowed money from defendant bank of Minneapolis, Minnesota and on September 20, 1968 executed its renewal promissory note in the amount of $4,000 due in 31 days and bearing interest at the rate of 8% per annum. On that date interest in the amount of $27.56 was paid to defendant in cash. It is alleged that seven days later on September 27, 1968 defendant, under the guise of deeming itself insecure, wilfully...

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