Nash v. Rehmann Bros.

KENYON, Circuit Judge.

Appellees were the owners of ten real estate purchase contracts covering lots in various additions to the city of Des Moines, Iowa. February 27, 1929, appellees traded said contracts to appellant for certain corporate stock and made written assignment to appellant thereof. Appellant subsequently paid taxes and items of interest and insurance and received some money payments. October 19, 1929, appellant brought this suit against appellees as assignors of said contracts, basing the action on the fact that each contract was in default and payments due thereon were unpaid.…