99 Iowa 66 | Iowa | 1896
The instruments are alike in terms and a copy of each is as follows: “$60.00. Des Moines, Iowa, June 8, 1898. There is due C. K. Mead, sixty
The sole question to be determined is, whether the defendant, Mead, is absolutely liable for the payment of the instruments in suit, by reason of his indorsements thereof, and their transfer to the plaintiff. It is not denied that, if the instruments are negotiable,, the defendant is liable; but it is insisted that they are not negotiable, and that the effect of his indorsements, and the delivery of the paper to the plaintiff, was merely to transfer to the latter the right which the defendant had against the maker, and that the only contract implied in the transfer, on the part