Cressler v. Brown

1. Under the Negotiable Instruments Law, section 4088, Rev. Laws 1910, the indorsement of the note by E.E. Cressler to C.W. Cressler, without recourse, is a qualified indorsement, and made C.W. Cressler a mere assignee of the title. Such qualified indorsement, under section 4115, Rev. Laws 1910, made E.E. Crossler a warrantor that (1) said note is genuine and in all respects what it purports to be; (2) that he had a good title to it; (3) that the makers had capacity to contract; and (4) that he, E.E. Cressler, had no knowledge of any fact which would impair the validity of the instrument or…