Redden v. First National Bank
This text of 71 P. 578 (Redden v. First National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
A promissory note which has passed into judgment is merged in the judgment and has no life or vitality thereafter. (Price v. Bank, 62 Kan. 735, 64 Pac. 637, 84 Am. St. Rep. 419.) The assignment of such note to one who knew that it had passed into judgment, indorsed “assigned with recourse,” does not make the assignor a guarantor of the payment of the note. The words “with recourse” indorsed on the note, read into the assignment of the judgment, create no liability different from that of an assignor.
The judgment of the court below is affirmed.
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Cite This Page — Counsel Stack
71 P. 578, 66 Kan. 747, Counsel Stack Legal Research, https://law.counselstack.com/opinion/redden-v-first-national-bank-kan-1903.