Dean v. Iowa-Des Moines National Bank & Trust Co.

The supplemental opinion, Justice Mitchell speaking, cites several cases and concludes that the statute of limitations began to run upon the draft for the reasons that are given in the cases cited. Examination of those of the reasons so given that are in point makes it evident that the decision announced in the supplemental opinion is based on either (1) the doctrine of laches, or (2) an assumption that the rule, to the effect that the statute of limitations runs upon a promissory note from its date, applies by analogy to other demand negotiable instruments. My reasons that neither is a sound…