Johnstone v. Matthews

The opinion of the Court was delivered by

Mr. Chief Justice Stabler.

On April 13, 1928, as appears from the record for appeal, B. C. Matthews and T. K. Johnstone borrowed on their promissory note, indorsed by Mrs. Clara B. Matthews, $20,-000.00 from the estate of Clara M. McCrary. This note, the due date of which was December 13, 1928, was never paid, either by the makers or by the indorser. On June 20, 1931, Mrs. Matthews executed and delivered to her son, William E. Matthews, a mortgage for $8,500.00 on certain real estate owned by her in fee in Newberry County. On July 31, 1934, a suit, in…