Commercial Credit Co. v. Nissen

This is an action brought on 5 of a series of 50 promissory notes for $1,072 each, given for the purchase of 50 tractors. Only 33 tractors were delivered, and 10 other of the notes besides the 5 in suit remain unpaid. Each of the 5 is in words and figures as follows (italics ours) :

“$1,072.00 Waterloo, Iowa, Dec. ,15, 1917.

“Six and one-half months after date for value received I promise, to pay to the order of Interstate Tractor Co. at the office of the First National Bank, in Waterloo, Iowa, ten hundred, seventy-two and 110/100 dollars. With interest at 7 per cent, per .annum, payable…