Page v. Ford
Oregon Supreme Court
From Multnomah: Calvin U. Gantenbein, Judge. Statement by Mr. Chief Justice McBride. This is an action brought by the appellant, C. H. Page, to recover the amount due on a promissory note executed by respondents, F. F. "Williams, Floy W. Williams, A. H. Ford and M. E. Ford, to the Oregon-Idaho Company, a corporation, and by it transferred to appellant.
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From Multnomah: Calvin U. Gantenbein, Judge. Statement by Mr. Chief Justice McBride. This is an action brought by the appellant, C. H. Page, to recover the amount due on a promissory note executed by respondents, F. F. "Williams, Floy W. Williams, A. H. Ford and M. E. Ford, to the Oregon-Idaho Company, a corporation, and by it transferred to appellant. The note was executed August 15, 1910, by respondents, and by the terms thereof they promised to pay to the order of the Oregon-Idaho Company the sum of $15,000 on or before six months thereafter, with interest at the rate of 6 per cent' per…
1Opinion of the Court
Opinion by
Mr. Chief Justice McBride.
There are four questions arising on this appeal, namely: (1) Is one who holds a note given for a balance due on the purchase price of real and personal property secured by a mortgage on such property restricted to the remedy of foreclosing the mortgage and a sale of such mortgaged property? (2) Did the aforesaid alternative indorsement render the note non*455negotiable? (3) Did the provision in the mortgage that the mortgagors should pay taxes assessed against the note or mortgage render the note non-negotiable? (4) Did the fact that at the time the…
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