Baker v. Central National Bank of Ellsworth

Citations

• 86 Kan. 293
• 120 P. 549
• 1912 Kan. LEXIS 281

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Mortgage — Payment—Satisfaction of Record. Giving a mortgage on real estate in lieu and in satisfaction of another on different real estate constitutes such payment of the latter as to entitle the mortgagor to its satisfaction of record.</p> <p>2.-Payment — Demand for Satisfaction of Record on Agent. If a bank send an agent to deal with a mortgagor with authority to make full settlement and enter, or agree to enter, satisfaction of record, a demand for such satisfaction made upon the agent while thus authorized is sufficient.</p>