Bank of Tollesboro v. W. T. Raleigh Co.

Opinion of the CoUrt by

Judge Sam:pson

Reversing.

On December 11, 1922, Orin Ruggles and wife executed and delivered to Trumbo and Wilson a note for $1,355.46, due one year thereafter, with interest, secured by mortgage on a one-fourth undivided interest in a tract of land owned by Ruggles. Soon thereafter and before the note became due Trumbo and Wilson assigned the note to appellee, the W. T. Raleigh Company, of Illinois, for a valuable consideration in due course of business. When the note became due and was not paid the W. T. Raleigh Company instituted an action in the Lewis circuit court…