Embree & Keys v. Strickland
Embree & Keys v. Strickland
Opinion of the Court
Opinion by
§ 1299. Surety; rights of; discharged, when. IT. became surety upon a note for S. payable to V. At the time of executing the note, S. also executed to V. a mortgage upon his cotton crop to secure the payment of the note. After the maturity of the note, E. & IT. purchased the same, and the mortgage securing it, from V., and sued upon the note. S. was indebted to E. & K. upon account, and under the mortgage they had purchased from V. they secured the cotton crop of S. and applied the same to the payment of his indebtedness by account to them. Y. knew at the time of the execution of the note that H. was merely a surety thereon, and that he was induced to sign the same because of the mortgage which S. gave to secure its payment. In defense, H. pleaded and proved his suretyship, the execution of the mortgage, and that he was thereby induced to sign the note; that Y. knew the fact of his. suretyship, and the inducement which caused it; that E. & IT. had received from S. the cotton crop upon which the mortgage was given, and had appropriated the same on other alleged indebtedness, etc. E. & K. claimed that the other indebtedness upon which they had credited the proceeds of the cotton crop was for advances and supplies furnished by them as landlords to S. as their tenant, to enable him to make a crop, etc., and that the same constituted a lien upon the. cotton superior to the mortgage lien. S. was insolvent, and the mortgage had been recorded, and H. at
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.