Zimmerman v. Horner

This is a case in which there appears to be no dispute in regard to the facts, but there is a very sharp one as to the law.

On December 29,1932, Lloyd L. Stanley gave his note to H. L. Zimmerman for $235, payable sis months after date. On Febru ary 1, 1933, he gave another note to Zimmerman for $200, payable six months after date. On the same day Stanley executed in writing an assignment whereby the cause of action held by Stanley against the Abramson Construction Company was assigned to Zimmerman. The assignment was for the purpose of securing Zimmerman on the two notes. At that time there…