Jordan v. Smith

FOURNET, Justice.

J. Homer Jordan, the holder of a $3,000 note executed by- Mrs. Mary F. Smith on October 18, 1921, and secured by a mortgage, is appealing from a judgment maintaining the plea of prescription filed by the defendants and dismissing his suit against the heirs of Mrs. Smith to recover the amount of the note.

The note in question was acquired by the plaintiff during the lifetime of the maker, who died on April 3, 1933, and, according to its tenor, it was due one year after the date of its execution and was conditioned to bear interest at the rate of 8% per annum from December 9,…