Lamar Life Ins. Co. v. Jordan

HALE, Justice.

'Lamar Life Insurance Company sued Harry P. Jordan and wife, Mrs, Vara H. Jordan, on a $15,000 note secured by deed of trust on certain real estate.' The Insurance Company, had'previously acquired title to the security through a non judicial foreclosure sale for the sum of $7,500. Defendants answered the suit with a general denial, pleaded'the wife’s’coverture, and alleged that the value of the property securing the debt sued upon was in excess of $15,000 at the time of the foreclosure, and that they were each thereby relieved from further liability by reason of the provisions…