Hoffman v. Allnet

Plaintiff sued as the “holder and owner” of three promissory notes. Defendant pleaded want of consideration, and afterwards filed an exception of “no cause of action” based on the facts that the notes sued on were payable to the order of another than plaintiff and were not indorsed.

There are. two ways of acquiring the ownership of promissory notes; by negotiation, and by assignment. (Norton on Bills, pp. 196-200 [Pars. 87-89].) The assignment need not be in writing.

Hughes vs. Harrison, 2 La. 89.

Therefore, when plaintiff alleged that he was the “owner” of the notes sued on, he stated a cause…