Central State Bank v. Ford
Supreme Court of Iowa
Appeal from Linn District Court. — John T. Moffit, Judge. Action at law upon a promissory note made by tbe defendant Miles and a separate written guaranty thereof by defendant Ford. Tbe guarantor denied liability, upon grounds explained in tbe opinion. On tbe issue joined between plaintiff and Ford, there was a directed verdict for tbe latter, and from tbe judgment entered thereon, the plaintiff appeals .-
1Opinion of the CourtWeaver, J.
On March 14, 1914, tbe defendant Miles made and delivered to tbe plaintiff bank his promissory note for $2,500, with interest, payable 15 days after date. Tbe indebtedness represented by tbe note was a loan then made to Miles, who was a manufacturer of brick at Cedar Ivapids. Tbe transaction was conducted on tbe part of the bank by its cashier, E. B. Zbanek, and on the part of Miles, in person. With said note, Miles executed, acknowledged and delivered to Zbanek a bill of sale of 600,000 brick, then in bis brickyard in that city, and later in tbe day, and before tbe money was paid over, Miles…
2Cases cited8 opinions
- Burr v. BoyerNebraska Supreme Court · 1873
- Whitehouse v. American Surety Co.Supreme Court of Iowa · 1902
- Bankers Surety Co. v. LinderSupreme Court of Iowa · 1912
- Nelson v. MunchSupreme Court of Minnesota · 1881
- Hendryx v. EvansSupreme Court of Iowa · 1903
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3Cited by9 opinions
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- Woodruff Motors, Inc. v. Commercial Credit Corp.Supreme Court of Vermont · 1963
- Basile v. California Packing Corp.Court of Appeals for the Ninth Circuit · 1928
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