Salmon v. Downs

Citations

• 55 Tex. 243
• 1881 Tex. LEXIS 111

Syllabus

<p>1. Equity.— When a vendor of land takes notes for the purchase money, and holds a vendor’s lien as security, and afterwards indorses and assigns one of the notes and retains the others, and the land is sold to pay the purchase money, the indorser and assignor is entitled to share in the proceeds of the sale equally with the holder - of the note assigned, whether they be sufficient to fully satisfy the note assigned or not unless it clearly appear it was the intention that the assignee should be first paid.</p>