Atlantic Life Insurance v. Carter

By the hill complainant seeks a decree for $1800, balance due on a note. The chancellor dismissed the bill, and his decree was affirmed, by the Court of Appeals.

On April 15, 1924, defendants, J. M. Carter, Luther Carter, and Rachel Carter, executed their negotiable promissory note in the sum of $4,000, payable to hearer five years after date, and secured same by a mortgage on certain real estate in Erwin. Said note, shortly after its execution, was negotiated to complainant for a valuable consideration and without notice of any infirmity. A little later defendants sold and conveyed the…