Cedar Rapids Savings Bank v. Zeff

The opinion of the court was delivered by

Burch, J.:

The action was one by the holder of promissory notes to recover from the maker. The defense was, the notes were without consideration, the payee procured them by fraudulent representations, and the holder was not a holder in due course. A demurrer was sustained to defendant’s evidence, and he appeals.

The Serenado Manufacturing Company is located at Cedar Rapids, Iowa. It manufactures and sells talking machines. Part of its banking business is done with the Cedar Rapids Savings Bank, the plaintiff. Defendant is the proprietor of a small dry…