Queen v. Fryer

The action is brought by plaintiff to foreclose a lien on certain promissory notes pledged with him, as collateral.

On January 21, 1926, plaintiff loaned the defendant $6,000 and took as collateral security for the repayment of such loan certain promissory notes payable to the defendant. Part of these notes were payable on June 22, 1926, and the balance were payable June 22, 1927. No part of the original loan has been paid and the entire amount, with interest, has ;been due since the 21st day of April, 1926. On July 16, 1926, defendant, representing himself still to be the owner and holder of…