Burden v. Feore

This is a suit on a promissory note.

The following facts are undisputed: G. Marshall Burden and Michael Perry Feore were co-owners of certain property in Mobile County. On May 5, 1970, they each sold their portion of the property to Larry E. Williams and his wife, taking a vendor's lien on the property to secure a $17,000 promissory note from the Williamses. After approximately one-and-one-half years, the Williamses defaulted. Thereafter, Burden and Feore assigned their rights in the promissory note and under the lien to Joseph L. Desporte. As consideration, Desporte, as assignee, conveyed a…