Mississippi Digest Annotated; A Complete Digest of All Reported Mississippi Decisions from the Earliest Times to September 2, 1911 Volume 3

Mississippi Digest Annotated; A Complete Digest of All Reported Mississippi Decisions from the Earliest Times to September 2, 1911 Volume 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ...of it and substituted other property at pleasure the possession of the pledgee was too equivocal to support the pledge as against other creditors, and this though the property was designated by a mark and retained on land leased by the pledgor to the pledgee.--First Nat. Bank v. Caperton, 74 M. 857, 22 So. 60. 21. Title to property pledged. (1876). The pledgor of notes remains owner subject to the limited right of the pledgee to possession for the purpose of effectuating the object of the pledge. On payment of the debt, the right of the pledgee is extinguished.--Jones v. Hicks, 52 M. 682. (1897). The pledgor of a note as collateral security has such an equitable interest in the note as will entitle him to proceed in equity against the maker and pledgee for its collection, and the application of the proceeds to its debt--Baker v. Burkett, 75 M. 89, 21 So. 970. I 22. Nature and extent of lien. (1890). Where a debtor, under agreement to furnish his creditor with collateral for $2,000, deposits with him notes to that amount, and among them a note for $250, indorsed in blank, and the trust deed which secures it and also other sums to be advanced, the creditor receiving the collaterals does not thereby acquire any interest in the trust deed beyond the amount of the $250 note; and after payment of the note he cannot, as against a purchaser from the debtor of property embraced in the trust deed, claim the further security of the trust deed to satisfy the balance remaining due by the debtor upon the $2,000, to secure which the collaterals were given.--NevTman v. Bank, 67 M. 770, 7 So. 403. 28. Care of property and negligence of pledgee. (1872). The pledgor of negotiable paper remains owner, and the pledgee must use diligence in...show more

Product details

  • Paperback | 776 pages
  • 189 x 246 x 39mm | 1,361g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236987004
  • 9781236987006