Hoverter Ex Rel. Fry v. Consedine

Opinion by

Gawthrop, J.,

Defendant appeals from a judgment entered on a directed verdict for plaintiff. The suit was in. assumpsit by the assignee of a promissory note against the maker. The note contained an authorization to confess judgment before maturity. This made it nonnegotiable: National Bank v. Beaver, 25 Pa. Superior Ct. 494. It became the duty of the assignee to give notice of the assignment if he would protect himself against subsequent payments to the assignor. He purchased but an equity and stands in the place of his assignor exposed to the defenses which might be set up against…