West Park Realty Co. v. Porth

The plaintiff, in the year 1905, was organized under the laws of this state as a corporation for the purpose'bf- buying and selling real estate, and subsequent to such organization it actually purchased considerable real property in the course of the conduct of its business. During the years .1913, 1914, and 1915 it incurred obligations for which it executed its notes, secured by mortgages upon its property, which securities the defendant Porth became the owner of by assignment. In the year 1921 and subsequent years prior to-1924, default having occurred in the payment of the principal and…