Southern Bank & Trust Co. v. Mathers

-Burns, an automobile dealer of Miami, needed $6,250 in order to pay for and obtain delivery of a car load of automobiles then in the hands of the carrier. He obtained this money from the First National Bank on two notes, aggregating that amount, dated October 28,1922, due in 30 days, endorsed by Mathers. On the same date he made a thirty-day note to Mathers for $6,250, providing for interest and reasonable attorney' fees, and executed to Mathers a mortgage on seven automobiles to secure the same. It was provided in the note that it, and the mortgage securing same, were given to secure the…