Swanson v. McDonald

MISER, C.

Appellant Swanson sued respondent McDonald for a claimed balance on a note given by McDonald to 'Swanson. By way of affirmative defense, McDonald alleged that this and another note were secured by a real estate mortgage; that he ('McDonald) ownedi notes executed by makers, named Snyders, who subsequently became heirs in an Iowa estate; that after the maturity of the McD'onald mortgage, on Swanson’s promise to bid in the McDonald land for the full amount due at foreclosure sale thereof, McDonald assigned to Swanson his claim against the Snyders; that Swanson accepted McDonald’s…