Court Opinion

ID: 8822842
Source: CourtListenerOpinion
Date Created: 2022-11-26 15:38:23.210798+00
Date Added: 2024-06-11T17:04:41.447803
License: Public Domain

Mr. Presiding Justice McSurely delivered the opinion of the court. 2. Bills and notes, § 293*—when payment not binding on holder. Payments on the principal of a note secured by trust deed, to the person named therein as successor in trust, who did not have possession of the notes, and whose office was not the place of payment fixed in the trust deed, held not binding upon the owner of the notes where such person failed to turn over the sum so paid, although previous interest payments made to him had been turned over to the owner through his attorney, especially where, after! making the payment, an extension agreement was signed by the parties acknowledging that a sum was due in excess of the amount which would be due if the payment so made had been deducted, and the interest notes made at the same time called for an amount which showed that interest was being charged on such excess.