James Walsh & Co. v. Campbell
James Walsh & Co. v. Campbell
Opinion of the Court
Opinion by
Frank Carter, on the 16th day of May, 1887, executed and delivered to his wife, Maggie Carter, a promissory note for $8,000, payable one year after date, with interest at 10 per cent, per annum from date. On the same day he executed and delivered a mortgage on a number of town lots in the city of Pratt to secure the payment of the note. On the 20th day of August, 1888, Maggie Carter made a written assignment of this mortgage to the defendant in error, H. II. Campbell. The assignment was recorded on the 21st day of August, 1888. Campbell commenced an action to foreclose the mortgage in the Pratt district court, and, among others, made James Walsh & Co.
While the plaintiffs in error filed a verified answer, containing a general denial of all the allegations contained in the petition of the defendant in error “not hereinafter specially admitted,” they go on to state that the note and mortgage were executed; that they were so executed for the purpose of defraudingcreditors; that the mortgagee had notice and knowledge of this intent; and that the defendant in error took said note and mortgage with notice and knowledge of the fraudulent intent. The allegations in this answer narrow the issues in the case to the question of fraudulent intent on the part of the mortgagor, and the knowledge of the mortgagee and her assignee of this intent. The execution of the note and mortgage and their transfer to the defendant in error are admitted, and, in the absence of any evidence on the part of the defendants below (plaintiffs in error here), the plaintiff below would have been entitled to a judgment on the pleadings. The in
We recommend an affirmance of the judgment.
By the Court: It is so ordered.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.