Court Opinion

ID: 4888870
Source: CourtListenerOpinion
Date Created: 2021-09-02 23:47:06.453552+00
Date Added: 2024-06-11T08:06:39.044224
License: Public Domain

Roberts, J.
Able sues for the use of Mills & Jockusch, on notes given to Able in the purchase of land, and the vendor’s lien on the land is expressly reserved in the notes. The petition, seeking to enforce the lien, is excepted to, because the notes being transferred for value, and being payable to bearer, the lien did not pass with the notes to Mills & Jockusch.
It has been decided that a party holding a negotiable note, under a written indorsement from the payee, has acquired and may enforce the vendor’s lien. (1 Moore v. Raymond, 15 Tex. R. 554.) At this Term of the Court, the same has been decided in favor of one holding a note payable to bearer.
This having, until lately, been considered a doubtful question, and having been raised and relied on below, judgment will be affirmed without damages.
Judgment affirmed.