Andrew v. Peterson

The note in suit was one of four which were negotiated to the plaintiff bank on August 14, 1919. These four notes totaled the sum of $1,525. In payment therefor the plaintiff bank, through its cashier, issued its certificate of deposit for such sum. At a later time such certificate of deposit was fully paid. One of these four notes was involved in Peoples Savings Bank v. Smith, 210 Iowa 136. The main contentions of the respective parties may be briefly stated: For the plaintiff it is contended that the defendant has failed to prove his alleged defense of actionable fraudulent representations;…