Jones & Co. v. Middleton
This text of 29 Iowa 188 (Jones & Co. v. Middleton) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
A note payable to order is transferable by indorsement after due, and is so far negotiable. We see no good reason for excusing the indorsee from making demand when the transfer is made in good faith. It is said that a note so transferred after due is, as respects the obligations of the parties, like a note payable on demand; and the same rule we think should hold that governs demand notes. 2 Parsons on Notes aud Bills, 13.
Demand should be made and notice given within a reasonable time, and demand and notice should be stated in the petition.
Affirmed.
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29 Iowa 188, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jones-co-v-middleton-iowa-1870.