Armstrong v. Ellerslie Planting Co.
Supreme Court of Louisiana
Appeal from Twenty-Third Judicial District Court, Parish of St. Mary; Thomas M. Milling, Judge. Action by Johnston Armstrong against the Ellerslie Planting Company, Limited, and Charles F. Borah, garnishee. From an adverse judgment, the garnishee appeals.
1Opinion
On the Merits.
The notes held by the garnishee represented about two-thirds of the credit portion of the purchase price of certain plantation property that had been sold by the defendant to the Bayou Salle Planting & Drainage Company, and the third note, representing the remainder thereof, had been transferred to another by the vendor under an arrangement by which the first two were subordinated to the last. Subsequently the holder of the note, with the preference thus created, foreclosed against the property, and it did not bring enough to pay his indebtedness. Hence the security for the…
2Cases cited2 opinions
- Cahill v. People's Slaughter House & Refrigerating Co.Supreme Court of Louisiana · 1895
- Frellsen v. Strader Cypress Co.Supreme Court of Louisiana · 1903