106 Ga. 238 | Ga. | 1898
The evidence showed that Mrs. Taylor made application to Felder to procure a loan, agreeing in the application to pay ■certain commissions; that this application was forwarded to ithe Corbin Banking Company, a New York corporation engaged in the brokerage and banking business; that by an arrangement with Felder and the Corbin Banking Company the latter was to receive a part of the commissions; that the amount for 'which the application was made was sent by the banking company to Felder, after the commission which that company was to retain had been deducted therefrom; that the banking company sent to Felder the note, deed, and bond for titles, which were the papers necessary to complete the transaction; and that in all these papers the lender appeared to be J. K. O. Sherwood. There does not seem to be any direct evidence that Sherwood delivered the money to the Corbin Banking Company, but this is necessarily to be inferred from the circumstances. It further -appeared that Felder, with the knowledge of Mrs. Taylor, appropriated the money to the payment of the Thomas execution and ithe commission due him and for insurance on the property; that there was not enough to pay in full all of these items; and that for the purpose of procuring the additional amount necessary, a note .signed by Mrs. Tiaylor and indorsed by Felder was executed. There was no evidence that Sherwood received any part of the money retained by the Corbin Banking Company as commissions, and nothing whatever appears in the record to negative the conclusion that he had not actually parted with the full amount for which the note was given. See Hudson v. Equitable Mortgage Co., 100 Ga. 83. There is no direct evidence that the Corbin Banking Company was the agent of ■Sherwood; but even if this could be inferred, there was abso
There was no error in refusing to allow E. Taylor to testify that at the time he gave Thomas the mortgage on the lands in Lee county, he told Thomas that Mrs. Taylor’s money had paid for the lands, and that he (Taylor) simply held the paper title to-the same; and that Thomas remarked: “ All right, he would risk it anyhow, as he already had a mortgage on the house and lot in Americus, which was good security for all the debt except the interest.” It was contended that this evidence was admissible,, because the plaintiff had taken a transfer of the Thomas mortgage execution, and that therefore notice to Thomas was notice to the transferee. The plaintiff is not seeking to enforce the Thomas mortgage execution, and for this reason the evidence was irrelevant and properly excluded.
This case is controlled on all points by the former decisions of
Judgment affirmed.