Collateral Liquidation, Inc. v. Manning

Defendant, Margaret Manning, signed a mortgage note, dated April 19, 1926, for $8,000. Tlie parties have considered this note to be negotiable. She also executed at the same time a mortgage in a like sum to the Union Trust Company on certain property in the city of Detroit, which was not deeded to Mrs. Manning until April 21, 1926. Both, the note and mortgage, after several assignments, passed to the plaintiff, a Delaware corporation, which brought this suit in assumpsit to collect the unpaid principal of the note, together with interest, certain taxes and insurance premiums.

Defendant’s…