Indiana Court of Appeals January 5, 1900, No. 2,922 (Stout v. Price)

lead-opinion

Robinson, J.

On October 15, 1897, Eugene L. Eloyd signed a note to his father, Arthur ~W. Floyd, for $1,750, due one day after date, and, to secure its payment, executed two mortgages on a stock of groceries and other articles of merchandise, possession of which he retained. The mortgages were recorded the day following. The note was delivered October 20, 1897. On October 16, 1897, E.