First State Bank of Pineville v. Parrott

OpiNion op the Court by

Judge Dietzman

Affirming.

On October 11, 1924, the appellee, Mae Parrott, and C. B. Parrott, her husband, executed and delivered to Josh Parrott their negotiable promissory note for the sum of $2,200, due twelve months thereafter. To secure the payment of this note, Mae Parrott and her husband executed a mortgage on a house and lot owned by her in Barbourville, Ky. Josh Parrott, before maturity, assigned and transferred the note in due course to E. F. Baker, thus making the five-year statute of limitations (Ky. Stats, sec. 2515) applicable thereafter to any suit upon such…