First National Bank v. Dutton

Albert, J. —

I. About October 1, 1920, one L. G. Boies was the owner of the Union Telephone Company, and traded it to the defendant R. C. Dutton for his farm, situated in Henry County, Iowa. In said transaction Dutton executed to-Boies the note for $4,000 sued on herein; and on the 18th day of October,-1920, Boies indorsed this note to. the plaintiff. Plaintiff sued Dutton and Boies oii said note. Defendant Dutton pleaded fraud in the inception of the note. Plaintiff replied that it was an innocent purchaser. Boies appeared, and filed an answer admitting that judgment should be entered against…