Scott v. Cord

OPINION

By the Court,

McNamee, J.:

In the court below respondent Cord sued Bedford Wilshire Company, a Nevada corporation, on three promissory notes executed by the corporation to him, one dated February 28, 1950 in the sum of $150,000, one dated September 20, 1950 in the sum of $145,000, and one dated January 31, 1952 in the sum of $44,000. Each note recited that all of the corporation’s interest in any land scrip and in any stock of other corporations was pledged as security for payment of the same. The prayer of the complaint asks for a sale of certain of the pledged assets with the proceeds…