Schelling

Schelling v. Thomas

Good Law
1929 Cal. App. LEXIS 913·96 Cal. App. 682·274 P. 755
Court of Appeal of CaliforniaFebruary 11, 1929Docket No. 6574.California1,980 words

Opinion

Lead Opinion

Lucas, J.

This is an appeal taken by defendant and cross-complainant L. J. Conley from a judgment and decree of foreclosure and sale in favor of plaintiff and respondent W. J. Schelling and defendant and cross-complainant E. N. Tooby.

The facts are that on September 22, 1922, respondent Schelling signed, as an accommodation maker, a $1,000 promissory note with defendant Rexford Thomas, thereby enabling the latter to borrow $1,000 from the First National Bank of Eureka. On the same date Rexford Thomas executed and delivered to respondent the following instrument:

At the time the agreement was executed Thomas stated it was given as security on his property for the respondent’s liability under the said $1,000 note.

Subsequently and on April 27, 1923, Thomas wrote upon this agreement the words: "This agreement is to hold good for $1,000 and interest,” signed his name thereto and acknowledged the instrument before a notary public. It was placed on record in the county recorder’s office on the same day at fifty-nine minutes past 10 A. M.

On September 22, 1922, at the time said writing was executed, the said Thomas held a patent to timber claim No. 816,932 and was occupying and in possession…

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