Miami Oil Co. v. Florida Discount Corp.

— January 5, 1926, Appellees, R. L. Ray and Mae Ray,- executed to J. P. Brown two promissory notes in the sum of three thousand dollars each due one and two years from date. The said notes were secured by a mortgage of the same date executed in favor of J. P. Brown.

February 6, 1926, Brown assigned the .junior note (the note due two years from date of execution) and the mort gage to Miami Oil Company and on March 5, 1926, he (Brown) assigned the senior note (the note dne one year from date of execution) to Florida Discount Corporation. It is agreed by the parties hereto that both assignments…