Singer v. National Bond & Investment Co.

One Walter Page was a silent partner with L. C. Johnston in the automobile business, and negotiated a sale of a car to G. A. Singer. For the balance due on the purchased car Singer executed his promissory note, a negotiable instrument, payable to L. C. Johnston, and simultaneously, and as a part of the same transaction, executed a mortgage on the car to better secure said note. The note and mortgage were transferred to the National Bond & Investment Company, and upon default in the payment of the note, said investment company brought this suit, originally one in detinue only, for repossession…