People's State Bank v. Jacksonian Hotel Co.

Opinion op the Court by

Judge Richardson

Reversing.

This appeal portrays the venture of businessmen in a line of business outside of that for which they were trained and in which they were inexperienced.

Prior to September, 1929, Cary O. Andrews owned a hotel building and equipment located in Scottsville,. Allen county, Ky. The Southern Surety Company was. the holder of a mortgage on the property executed and delivered by Andrews to it to secure the payment of $33,000.00. Andrews conducted a hotel in the property,, and, not succeeding, he decided to dispose of his equity in order to escape…