International Harvester Co. of America v. Woods

FULLER, C.

Assuming for present purposes that the facts herein stated disclose a material alteration of a negotiable instrument within the meaning of Revised Code 1919, § 1828 (5 U. L. A. § 125), the decisive question for consideration on this appeal is whether, by the transaction here narrated, the alteration could lawfully be, and in fact was, waived or ratified by the maker of the note who appeals from adverse decision.

On August 2, 1921, the defendant and appellant, W. R. Woods, gave a note of $877.50 to Spazzie Bros, in paid payment of a Deering Harvester-Thresher then purchased. The note…