Jones v. Weichselbaum

It appears that Jones applied to Hudgins for a loan of $100, stating that he desired it to pay a debt owed to *370another. Hudgins suggested that he might wish to negotiate the note before he could collect certain insurance in his hands belonging to Jones, and that Jones should get his wife to secure the note. Thereupon Jones and his wife signed the note, the wife signing first. She also executed a mortgage to secure the- note. Hudgins died, and his administrator, long after the maturity of the note, sold the note and mortgage, at public sale, to Weichselbaum. The latter brought an action to…