Lienkauf Banking Co. v. Haney

Citations

• 93 Miss. 613
• 46 So. 626

Syllabus

<p>1. Promissory Notes. Law governing. Place of payment.</p> <p>A promissory note executed in this state, negotiable, and payable in_ another state, is governed by .the law of the state where payable, although given for, and secured by the reservation of title to, property in this state.</p> <p>2. Sales. Reservation of title. Suits to enforce.. Decree. Property not to be had.</p> <p>In an equity suit to collect a note reserving, title to personal property that has been resold by the maker, a proper decree in complainant’s favor is one for the entire debt against the maker condemning the property, if to he had, to sale, and a decree against each of the subsequent purchasers for such parts of the entire debt as equals the value of the property converted by them respectively to their own use and'which can not be had for sale — the decrees against the subsequent purchasers to be enforced only if the one against the maker can not be collected.</p>