Davenport v. . Vaughn

A. A. Paul executed and delivered to the plaintiff his promissory note in the sum of one thousand dollars, to secure which he, as a holder in due course, assigned to the plaintiff in due course as •collateral a note for $2,000, executed by J. E. Leppard to- H. B. Smith •on 1 April, 1920. The latter was the sixth of a series of eight notes, in the aggregate sum of $16,000, given for the purchase of land, and secured by a deed of trust executed by Leppard to W. L. Yaughn. The Washington-Beaufort Land Company, of which the defendant Simmons was president, obtained an assignment of these eight…