Ramoneda Bros. v. Loggins

Citations

• 89 Miss. 225
• 42 So. 669

Syllabus

<p>1. Mortgages. Payment. Assignment.</p> <p>A vendee of land subject to two trust deeds, the first of which he is under contract to pay as part of the consideration of his purchase, takes nothing by an assignment of the note secured thereby on payment of the full amount clue thereon, and cannot enjoin foreclosure by the beneficiaries of the second deed of trust</p> <p>2. Same. Volunteer.</p> <p>A stranger who in such case takes the assignment at the instance of the vendee, and without consideration, is a mere volunteer, and has no greater right than the vendee would have had if the assignment had been made to him.</p>