Daniel v. Royce

Lumpkin, Justice.

This case presents only two questions requiring comment.

1. An action was brought by H. TL Royce, trustee, .against Mrs. Rebecca M. Daniel, upon a promissory note executed and delivered by her and made payable to his order. Upon the back of the note was an indorsement in the words copied in the head-note, and the same was signed by Royce. He, however, retained possession of the note. It was insisted that, under these facts, he was-not entitled to maintain an action upon it in his own name. This presents the question: What was the effect of that indorsement? At most, it cannot…