Lasseter v. Long

This is a suit in equity to redeem three hundred shares of stock of the Whiddon Cash Stores, a Florida corporation, alleged to have been pledged as collateral security by B. G. Lasseter on April 25th, 1915, with Edgar' C. Long to secure a promissory note'executed on that date by Lasseter in favor of Long for the sum of thirty thousand dollars payable on demand which note bore interest at the rate of seven per cent, per annum payable quarter annually; - •

The bill alleges that on April 25th, 1915, B. G. Lasseter procured a loan of thirty thousand dollars from E. C. Long, to whom Lasseter gave…