Guttenfelder v. Iebsen

On March 1, 1939, defendants-appellees, who were husband and wife, were the owners of a farm of 120 acres in Cass county which they had occupied as their home for more than twenty years. On that date they executed two notes to ¥m. Guttenfelder for $3,300 and $6,200, respectively, due in ten years, bearing 3 percent interest, together with a mortgage upon the farm to secure the notes. The payee of the notes indorsed the note for $3,300 to G. C. Dalton, one of the two plaintiffs-appellants, and R. D. Rudolph, both attorneys practicing in Atlantic. Upon the death of ¥m. Guttenfelder, the note…