29 Iowa 260 | Iowa | 1870
The petition is in the usual form for an action by indorsee upon a negotiable promissory note ; a copy of this note, with a proper stamp, is set out in the body of the petition. The defendant, for answer, admits that he executed the note, except that it was not stamped when signed, nor afterward by his consent or authority. He avers that it was given for a patent right, falsely represented to be such and of value, while it was in fact a fraud and worthless; that the note was given in consideration of the right to use and sell such patent right, which was to be conveyed to him, and the note was not to have any effect until such conveyance ; that no such conveyance had ever been made ; and the note never had any legal effect, as such. “ And he further states, that when the plaintiff’s received said note they knew full well all the matters as stated in this answer, and should not recover.” And for further answer he states, that plaintiff did not pay any value for the note.
The plaintiff demurred “to so much of the answer as claims the illegality of the note for deficiency in stamping, and shows : First. That the answer admits the making and delivery of the note to the payee : Second. It is not claimed that plaintiff had knowledge of any insufficiency of the stamp, as either party, by agreement, may stamp.” This demurrer was overruled, and such ruling is now assigned as error.
This case differs from Blackwell v. Denie, 23 Iowa, 63, in the essential particular that there the plaintiff received
Affirmed.