National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.

How courts have described this case

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

• holding that the actual physical possession condition was not met and likewise suggesting in dicta a “sound business practices” reliance requirement
• defining a condition precedent as “any fact or event, subsequent to the making of a contract, which must exist or occur before a duty of immediate performance arises under the contract”
• agreeing with the trial court that the other, possessing bank \did not serve as an authorized representative of [the insured bank] in this transaction for the purposes of possessing the certificates as contemplated under the [b]ond\
• \[N]o legal principle permits violation of a contract condition to be completely ignored.\
• “[N]o legal principle permits violation of a contract condition to be completely ignored.”
• “Reliance on another bank’s possession of stock certificates is not enough____”

Source: CourtListener parenthetical corpus (CC0).