State ex rel. Legier v. Sutherland

Citations

• 111 La. 381
• 35 So. 608
• 1903 La. LEXIS 542

Syllabus

<p>MORTGAGE NOTE—PURCHASE AFTER DUE-RIGHTS OP PURCHASER.</p> <p>1. A person who purchases from an attorney at law holding in his possession a past-due mortgage note, executed by the maker, to his own order, and by himself indorsed, which has been paid by the maker, without ascertaining what right the attorney has in respect to the note, does so at his risk; and, if he had no right to extend payment of the note or to sell it, the purchaser takes it subject to the equities.</p> <p>(Syllabus by the Court.)</p>