Treas v. Bank of Marshall County

Opinion of the Court by

Commissioner Hobson

Reversing.

On August 9, 1921, the appellant, Treas, conveyed to Emmett Washburn a lot in the town of Benton in consideration of $2,750, for which Washburn executed Ms notes, the first for $1,500, due in six months, the second for $500, due in one year, and the third for $750, due in two years. The deed retained a lien to secure these notes. On the day the deed was made appellant, Grover C. Treas, sold and in writing assigned the first note to appellee, the Bank of Marshall County, but did not make an indorsement showing this fact on the margin of the…