Beasley Hardware Co. v. Stevens

E. L. Stevens, as transferee, instituted suit against Beasley Hardware Company, as maker, upon six promissory notes, all of the same date, namely, October 36, 1936, and ■aggregating the principal sum of $360, maturing on successive dates, the second, third, fourth, fifth, si||j$i, and seventh months after date, executed by Beasley Hardwareliompany, and payable to the order of Brenard Manufacturing Company, at Iowa City, Iowa. The defendant pleaded that the notes were given to the Brenard Manufacturing Company pursuant to a contract between it and the payee, by which the defendant, for the…