Federal Land Bank of Wichita v. Krug

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that material breach of contract warrants “recission of a contract”
• noting that real estate mortgage is a contract which conveys no legal title, but is merely mortgagee’s security for mortgagor’s debt; and because mortgage is only security, and incident to debt, it follows debt and partakes of its nature and character
• a failure to perform must be so substantial as to defeat the object of the parties in making the agreement

Source: CourtListener parenthetical corpus (CC0).