Legal Opinion

First National Bank v. Galloway Bros.

Supreme Court of Iowa

Decided June 23, 1922PublishedCited by 2 opinions

Appeal from Black Hawk District Gourt. — -E. B. Stiles, Judge. Action on a promissory note executed by Galloway Brothers & Company, and indorsed by the 'William Galloway Company, a corporation, and by William Galloway and J. W. Galloway individually. Judgment was rendered on the note against the maker, Galloway Brothers & Company, and the individual indorsers, William Galloway and J. W. Galloway.

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Appeal from Black Hawk District Gourt. — -E. B. Stiles, Judge. Action on a promissory note executed by Galloway Brothers & Company, and indorsed by the 'William Galloway Company, a corporation, and by William Galloway and J. W. Galloway individually. Judgment was rendered on the note against the maker, Galloway Brothers & Company, and the individual indorsers, William Galloway and J. W. Galloway. As to the corporation, The William Galloway Company, the court dismissed the plaintiff’s petition. Plaintiff appeals, and The William Galloway Company, a corporation, is the sole appellee before this…

1Opinion of the CourtFaville, J.

*1146i corporations : Ridorse' commodation. *1145— Galloway Brothers & Company is a corpora*1146tion, engaged in what is referred to as the “seed business.” The William Galloway Company is likewise a corporation, which is engaged in the manufacture and sale of implements. William Galloway and J. W. Galloway are brothers, and both are stockholders in said corporations.

One Jameson is a broker, engaged in handling commercial paper. On January 12, 1918, the said Jameson wrote a letter to the appellant, stating that he had secured a line of notes of Galloway Brothers & Company, seed merchants, and offering to…

2Cases cited18 opinions

  1. West St. Louis Savings Bank v. Shawnee County BankSupreme Court of the United States · 1877
  2. Haupt v. VintWest Virginia Supreme Court · 1911
  3. Jacobus v. . Jamestown Mantel Co.New York Court of Appeals · 1914
  4. J. G. Brill Co. v. Norton & Taunton Street Railway Co.Massachusetts Supreme Judicial Court · 1905
  5. Knapp v. Tidewater Coal Co.Supreme Court of Connecticut · 1912

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3Cited by2 opinions

  1. First National Bank v. McCartanSupreme Court of Iowa · 1927
  2. Black Hawk National Bank v. Monarch Co.Supreme Court of Iowa · 1926

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