Nuzman v. Bennett

The opinion of the court was delivered by

Burch, J.:

The action was one to recover on interest coupons detached from promissory notes secured by mortgage. The court directed a verdict for plaintiff and defendants appeal;

Defendants executed and delivered the notes, coupons and mortgages to Pettyjohn &.Co., and afterwards sold the land to a purchaser, who assumed and agreed to pay the indebtedness. Petty-john & Co. assigned the mortgages by instruments which were duly recorded. Pettyjohn & Co. failed. Their business had been the making of real-estate loans. Finding many interest coupons among the…