132 Iowa 5 | Iowa | 1906
The action is upon two negotiable promissory notes, one for $300 and the other for $100, each signed by the defendants and due in one year from July 15, 1901, and November 11, 1901, respectively. The notes were made to Geo. W. Chapman, who is now deceased, and this action is by the legatee under his will. The defendants admitted the execution of the notes, pleaded that they were not given as evidence of an indebtedness but for the purpose of indicating the interest which the deceased had in certain real property in Sioux City, Iowa, and that defendant E. E. Chapman, who held the legal title to the real estate, was ready and willing to deed a two-fifths interest therein, which, it is claimed, was G. W. Chapman’s share as evidenced by the notes, to the plaintiff or the deceased’s legal representative.' Upon these issues the case was tried to the Court and resulted in a judgment for plaintiff for the amount of the notes. Defendants ’introduced testimony to show that defendant E. E. Chapman and deceased, Geo. W. Chapman, entered into a contract to purchase certain real estate in Sioux City, agreeing to pay therefor the sum of $1,000, that Geo. W. Chapman paid $400 of the purchase price, and the defendant E. E. Chapman the remainder; he (E. E.) taking title to the property in his own name.
The trial court was right in finding the defendants liable, and its judgment is affirmed.