Divelbiss v. Burns

On January 27, 1930, J. L. Burns executed and delivered unto appellee E. S. Jones a promissory note, due on August 30, 1930. Embraced in the same document with the note is a chattel mortgage on certain personal property, therein described, to secure the payment of the indebtedness evidenced by said note. Before maturity, and on May 5, 1930’, said payee indorsed and delivered the note and its security to appellant, Divelbiss' the indorsement being on the back of said note in the following words: ‘ ‘ This is to certify that I have this day sold all my right, title and interest to the within…