State Bank of Swea City v. Lovrenz

Action, by indorsee against maker, on a promissory note. After a verdict for plaintiff for a reduced amount, it appeals from an order denying its motion for judgment notwithstanding for the full amount of the note or a new trial.

The note was given by defendant to Powell Brothers of Swea City, Iowa, in payment for certain swine purchased at public auction. Immediately after its execution, it was indorsed to plaintiff under such circumstances as to make it a holder in due course unless knowledge be imputed to it of the warranties hereinafter referred to, and its title be subjected to the…