Again assuming that the mortgage was without fair consideration, the record is silent as to any intention or belief of the mortgagor, its officers or directors, that they would incur debts beyond the ability of the corporation to pay as they mature. Nor are there facts or circumstances from which such intention or belief may reasonably be inferred. The statute concerns itself with the intention or belief of the person making the conveyance or entering into the obligation, and is not at all concerned with the intention or belief of the grantee or mortgagee."
Plaintiffs assert two other grounds for holding the mortgage invalid. The first is defendants' failure to renew the mortgage on the chattels, within one year as required by M.S.A. § 26.932, Comp. Laws 1948 Mich.GENEVA (Reuters) - Iranian President Hassan Rouhani stands behind Foreign Minister Mohammad Javad Zarif, who resigned on Monday night, Rouhani’s chief of staff said on Tuesday, according to the Islamic Republic News Agency (IRNA).

Rouhani has not officially accepted Zarif’s resignation, which he announced in an Instagram post.

“The words of the president today in praising his foreign minister are a clear sign of the satisfaction of the representative of the people of Iran about the wise and effective positions and work of Dr. Zarif and a tough response to some biased and incorrect analyses,” Mahmoud Vaezi wrote in an Instagram post that included a picture of Rouhani and Zarif together.

“In the view of Dr. Rouhani, the Islamic Republic of Iran has only one foreign policy and one foreign minister.”