Foundry Manufacturing Co. v. Farr

The plaintiff seeks to hold the defendant as indorser of a promissory note dated May 18, 1920, signed by L. D. Ingalls, and payable to the defendant’s order, on demand. On May 16, 1921, the defendant exchanged automobiles with the Champlain Motor Company — a branch of the plaintiff corporation doing business at Burlington — and in that transaction transferred to the former this note, having first indorsed the sanie by signing his name to an indorsement on the back thereof. The note more than covered the difference between the cars, and the Motor Company gave the defendant a writing showing…