Harrison v. Caddo Valley Bank
Supreme Court of Arkansas
Appeal from Montgomery Chancery Court; J. P. Henderson, Chancellor; I. Plaintiff was not the assignee of the four notes—■ there was no assignment of them. Joyce, Defenses to Com. Paper, § 358; 95 Ga. 75, 78; 10 N. D. 558-563; 77 Pac. 431. 2. The notes were wrongfully pledged by Jones—a fraud. 50 Ark. 320. The bank had notice. 1 Daniel on Neg. Inst.
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Appeal from Montgomery Chancery Court; J. P. Henderson, Chancellor; I. Plaintiff was not the assignee of the four notes—■ there was no assignment of them. Joyce, Defenses to Com. Paper, § 358; 95 Ga. 75, 78; 10 N. D. 558-563; 77 Pac. 431. 2. The notes were wrongfully pledged by Jones—a fraud. 50 Ark. 320. The bank had notice. 1 Daniel on Neg. Inst. (5 ed.), § 799; 104 Ark. 394. 3. Did Barton and Witherspoon, by levy and sale, acquire a lien which a court of chancery will enforce against plaintiff? See 21 Ark. 80; 33 Id. 63; 34 Id. 503, 509; 139 Iowa, 511; 18 L. R. A. (N. S.) 1167-1175. The…
1Opinion of the CourtSmith, J.
This action was instituted by the appellee bank against appellants, for the purpose of enforcing a vendor’s lien on certain town lots, which was reserved in the deed of conveyance. The consideration for this deed was four notes, each for $150, payable to the order of P. P. Jones, the vendor, and signed by A. C. Harrison, the purchaser. These notes were dated September 25, 1913, and were due, respectively, January 1,1914, July 1, 1914, January 1, 1915, and July 1, 1915. The deed from Jones to Harrison was of even date with the notes, and was filed for record on November 27, 1914.
Jones borrowed…
2Cases cited1 opinion
- Sturdivant v. CookSupreme Court of Arkansas · 1906