Supreme Court of Connecticut December 5, 1925 (First National Bank v. National Grain Corporation)

Haines, J.

This action was brought to foreclose a mortgage of $83,000 made by the defendant Grain Corporation April 5th, 1923, to secure a note of like amount. In the history of the transaction as disclosed by the finding, it appears that the Grain Corporation, on November 8th, 1921, owed the bank $30,000, for which the bank held the unsecured note of the Grain Corporation.