Coffin v. Planters Cotton Co.
Supreme Court of Arkansas
Appeal from Mississippi Chancery Court; Charles T. Coleman, Special Chancellor; 1. Mrs. Coffin has priority. 105 Ark. 152; 115 Id. 366; 27 Cyc. 1294; 1 Jones on Mortg. (6 ed.), § 956a, 814; 57 Kans. 743; 97 111. 156; 156 S. W. 483; 59 Fed. 917; 109 Cal. 42; 54 Neb. 262; 145 Mo. 142; 85 Md. 315; 50 Ind. 441; 57 So. 671; 205 N. Y. 105; 162 Mass. 72; 100 G-a. 236 and many others.
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Appeal from Mississippi Chancery Court; Charles T. Coleman, Special Chancellor; 1. Mrs. Coffin has priority. 105 Ark. 152; 115 Id. 366; 27 Cyc. 1294; 1 Jones on Mortg. (6 ed.), § 956a, 814; 57 Kans. 743; 97 111. 156; 156 S. W. 483; 59 Fed. 917; 109 Cal. 42; 54 Neb. 262; 145 Mo. 142; 85 Md. 315; 50 Ind. 441; 57 So. 671; 205 N. Y. 105; 162 Mass. 72; 100 G-a. 236 and many others. The great weight of authority is that the holder of a negotiable note under circumstances like these, has priority as against one who 'assumes to pay off the mortgage debt to the original mortgagee, whether such payment…
1Opinion of the CourtSmith, J.
A condensation of the allegations of the complaint is contained in appellant’s brief, from which we copy the following statement:
“The complaint alleges, in substance, that Gr. L. Waddell is the owner of a plantation in Mississippi County, Arkansas, known as the Shawnee Village. At the times mentioned he owed a balance of purchase money of about $20,000 on the land. Defendant, Planters Cotton Company, in March, 1911, loaned Mm approximately $30,000 on the land, taking three $10,000 notes due several months later. The plaintiff, two days thereafter, 'bought one of said notes from the Planters…
2Cases cited14 opinions
- Kelly v. CarterSupreme Court of Arkansas · 1891
- Koen v. MillerSupreme Court of Arkansas · 1912
- Martin v. HickmanSupreme Court of Arkansas · 1897
- Calhoun v. AinsworthSupreme Court of Arkansas · 1915
- Schenck v. GriffithSupreme Court of Arkansas · 1905
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3Cited by12 opinions
- Arnold v. All American Assurance Co.Supreme Court of Arkansas · 1973
- Brixey v. Union Oil Company of CaliforniaDistrict Court, W.D. Arkansas · 1968
- Arkansas Valley Feed Mills, Inc. v. Fox De Luxe Foods, Inc.District Court, W.D. Arkansas · 1959
- Omaha Hardwood Lumber Co. v. J. H. Phipps Lumber Co.Court of Appeals for the Eighth Circuit · 1943
- St. Louis-San Francisco Railway Co. v. Lee Wilson & Co.Supreme Court of Arkansas · 1947
7 more not listed; retrieve them via the Exa API.