Allardyce v. Abraham

DORE, Judge.

On March 8, 1929, the defendant Abraham executed a mortgage note in favor of the Louisiana Mortgage Corporation, Inc., for the sum of $1,575, due on demand, with 8 per cent, interest from date. On February 5, 1932, the mortgage company executed its note in favor of Craft-Rush-worth, Inc., for the sum of $1,051.28, due on demand, with 8 per cent, interest from date, and pledged as security for the payment of its note the mortgage note of Abraham on which there was then a balance due of $1,102.89. ' The mortgage company paid a total of $400 on its note up to November 9, 1932,…