National Bank of Decorah v. Robison

Stevens, J. —

This is an action upon a promissory note for $2,000, given by appellant to the appellee bank on March 16, 1921, in renewal of a balance due on a note of $3,500, executed September 16, 1920, by appellant to one John Logsdon, a fine-stock breeder, of whom he purchased, on or about that date, a small herd of pure-bred shorthorn cattle. The note in suit bears the indorsement of Logsdon Bros., by John Logsdon.. The herd consisted of three bulls and a mixed lot of twelve heifers and cows. Appellant is also a breeder of pure-bred stock, and purchased the herd for breeding purposes.

The…