A. Kory & Sons v. Layman

The opinion of the Court was delivered by

Blanchard, J.

Plaintiffs’ canse of action is, that in June 1899, they purchased from the defendant a certain promissory note, executed by Thos. D. Kent and secured by mortgage on certain plantation property in the Parish of Lafourche.

That the note was for $7,000 and bore interest at 8 per cent, from date of execution, February 23, 1894, until paid.

That defendant, as the owner and (holder of the note, agreed to sell it to them for $1,125.00 cash, on condition that they would give him a written guaranty against liability growing out of their acquisition…