J. W. Squire Co. v. Hedges

I. The material facts, with a single exception, to be presently noted, are not in dispute.

Clarence Hedges was the owner of certain land upon which J. W. Squire had a first mortgage for $9,000, and the defendant W. II. Donald had a second mortgage securing two notes, one for $3,946, due in five years, and the other for $4,000, due in eight years. These mortgages had been executed by. Frank Drinkall, a former owner of the land. Donald transferred the note for $4,000, and it came into the hands of the appellant Clara E. Lemley, in a manner not material to the present controversy. Donald made no…