Rhoton v. Woolford

The subject matter of this suit is a promissory note of one J. M. Murphy for $300, payable to defendant, Rhoton, and by him indorsed in blank to plaintiff, Woolford, for a valuable consideration, before maturity. The note is set out in the complaint, with apt allegations of its indorsement to plaintiff, the amount due thereon, and demand of defendant for payment.

The defendant, without demurring, answered the complaint and admitted that he sold and assigned the note to plaintiff for a valuable consideration, and that plaintiff was the owner and holder thereof; alleged that the note was secured…