Templeton v. Poole
Templeton v. Poole
Opinion of the Court
The intervenors do not seek to charge plaintiff as indorser of the note payable to her order, but claim to have acquired through her indorsement the legal title in the note, with a right to resort to the mortgage security to the extent of their claims. They loaned their money, respectively, to the payor and mortgagor, in whose possession they found the note, indorsed by plaintiff, long after the maturity of the obligation, and took from him the note and mortgage as security. It may be assumed that the fact the note was in possession of the payor after due, did not conclusively establish its payment, as against intervenors. On the other hand, the fact that plaintiff had indorsed the note and placed it in the hands of .the maker, did not clothe the latter with ostensible authority,
Judgment reversed and cause remanded for a new trial.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.