JOSEPH FRANCESCHINI
v.
EULALIA MARIE LADD AND PAUL O. LADD, HER HUSBAND

Fla. | 1947-11-18
THOMAS, C. J., Terrell, and SEBRING, JJ., concur.
159 Fla. 679 Florida Supreme Court (1947) Caution
Also reported at: 32 So. 2d 577
Cited by 12 cases

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Holding

The court held that the appellant purchased the note and mortgage with knowledge of its infirmities, thus not qualifying as a holder in due course.


Facts & Procedural History

The mortgagors executed a note and mortgage for a rifle range construction project. The note and mortgage were assigned to a corporation controlled by…

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Opinion of the Court
CHAPMAN, J.:

*680CHAPMAN, J.:

The controlling question presented on this appeal is whether the appellant, Joseph Franceschini, was a holder in due course under the several provisions of Section 674.59, Fla. Stats, 1941 (FSA), and our decisions construing this Section, of a certain note and mortgage acquired by purchase before maturity, or did he purchase the note and mortgage with notice of infirmities within the meaning of Sections 674.61 and 674.71, supra, and our applicable decisions. The Chancellor below reviewed the evidence on final hearing and entered a decree in effect holding that the appellant purchased the note and mortgage with a knowledge of its infirmities and therefore was not in a position to enforce payment. An appeal has been perfected here.

The mortgagors (Paul O. Ladd and wife, Eulalia Marie Ladd) executed their note and mortgage in the sum of $3,-000.00 payable to Claudia Homes, wife of Harold S. Homes. The note and mortgage were for the first installment on a rifle range to cost $12,000.00 to be built at Key West by Harold S. Homes and Paul O. Ladd was to be a part owner and operator after the construction was completed. The note and mortgage were assigned by Claudia Homes and husband, Harold S. Homes, to a private corporation controlled and managed by Harold S. Homes known as American Home Defense Target Range Corporation. The appellant purchased this note and mortgage from Harold S. Homes for $2,750.00. Harold S. Homes failed to carry out his agreement with Ladd for the construction of the rifle range and shortly after the sale of the note and mortgage and receipt of the money disappeared and his testimony and that of his wife Claudia Homes is not in the record.

When all the testimony and exhibits are carefully considered it cannot be said that the Chancellor erred in entering the decree challenged on this record.' We find ample testimony in the record to support his findings and conclusions. See Sample v. Wilson, 101 Fla. 818, 134 So. 549.

Affirmed.

THOMAS, C. J., Terrell, and SEBRING, JJ., concur.


Cases With Similar Vibessemantic neighbors from the corpus


Citator

Cited By (12 total)

  • State v. C.C., 476 So. 2d 144 (Fla. 1985)
    …he district court of appeal, on motions of the juvenile appellees, dismissed the appeals by means of a consolidated order. The court explained its decision as follows: The state’s right to appeal is purely statutory. Whidden v. State, 159 Fla. 691, 32 So. 2d 577 (1947); State v. Brown, 330 So. 2d 535 (Fla. 1st DCA 1976). Because the Florida Juvenile Justice Act, Chapter 39, Florida Statutes (1981) contains no provision authorizing an appeal by the state, we grant appellees’ motions to dismiss. We expressly…
  • State v. Chapman Levi Creighton, 469 So. 2d 735 (Fla. 1985)
    …nting a motion for judgment of acquittal is not among the rulings set out in the statute and thereby identified as appealable by the state in criminal cases.4 In dismissing the state’s appeal, the district court cited Whidden v. State, 159 Fla. 691, 32 So. 2d 577 (1947), which held that the state’s right of appeal in criminal cases is purely statutory. Thus the district court indicated that its dismissal of the appeal was based on the lack of statutory authority. The state argues, however, that it has a righ…
    1 / 2
  • State v. C.C., 449 So. 2d 280 (Fla. 3d DCA 1983)
    …BASKIN, Judge. The state’s right to appeal is purely statutory. Whidden v. State, 159 Fla. 691, 32 So. 2d 577 (1947); State v. Brown, 330 So. 2d 535 (Fla. 1st DCA 1976). Because the Florida Juvenile Justice Act, Chapter 39, Florida Statutes (1981) contains no provision authorizing an appeal by the state, we grant appellees’ motions to dismiss. We expressly…

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