Coral Gables, Inc. v. Barnes

Opinion of the Couut by

Judge Clay

Affirming.

On July 14, 1927, Ida W. Barnes purchased from the Coral Gables Corporation two Florida lots, and executed tberefor two promissory notes, each payable in monthly installments, one for $1,804.80, and the other for $3,000. Shortly thereafter the two notes were transferred to the Miami Mortgage & Securities Corporation, which in turn assigned them to the Biscayne Trust Company, trustee, to secure an issue of bonds. In the month of February, 1929, the Biscayne Trust Company assigned the notes to Coral Gables, Inc.

This action was brought by Coral Gables,…