Legal Opinion

Madison Co. v. McCormick

Superior Court of Rhode Island

Decided December 9, 1932No. Eq. No. 11598Published

1Opinion of the CourtBaker, P. J.

Heard on bill, answer and proof.

In this bill the complainants are seeking to enforce a lien against certain securities held by them and also to be allowed to foreclose by sale what are claimed to be mortgages against certain real estate in the town of East Providence.

The question raised by the respondents in defense to the bill is one of law. There apparently is little or no dispute on the .facts.

The evidence shows that large sums of money were borrowed from time to time from the complainants, who tool!: notes therefor and as collateral received certain securities, most of which they are now…

2Cases cited2 opinions

  1. Kellogg v. NorthrupMichigan Supreme Court · 1897
  2. Reid v. McMillanIllinois Supreme Court · 1901

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