Biltmore Land Co. v. Estate of Munro

On November 10, 1927, Henry F. Dubbs was the owner of the vendee’s interest in land contracts for the purchase of lots 73 and 74, Grolf Club Addition to the city of Detroit, in both of which the plaintiff was the vendor. On that day Dubbs borrowed $2,750 from Alexander Munro, giving him his promissory note therefor, which contained an assignment of the vendee’s interest in the contracts. Each of the contracts contained a provi sion that it “may be assigned only after consent of said first party in -writing has been indorsed thereon.” To secure such consent, Dubbs and Munro took the contracts…