Moore v. Altmyer

Vermilion, J. —

-The defendant and appellant is the payee and indorser of the note in suit. The note is for $7,000, signed by William and Mary Wickham, is dated March 1, 1920, and due, according to its terms, five years from date. It is secured by a mortgage upon land, executed by the makers.

It is undisputed that, shortly after the note and mortgage were executed and delivered to the appellant, he indorsed the note in blank, and put it, with the mortgage assigned in blank, in the hands of one Yeisley, to be sold. On March 2, 1921, Yeisley sold and delivered to the appellee, for $5,000, the…