Zobel v. Bauersachs

On December 6, 1887, Theodore Bauersachs, as principal, and Jacob Fisher and Martin Schellak, as sureties, executed to William Grosse their negotiable promissory note for $500, due one year from date, with interest thereon at the rate of ten per cent per annum. Plaintiff claims that he purchased this note in May, 1888, and continued to be the owner thereof from that time until after its maturity, when he sold and delivered it back to Grosse. Afterwards plaintiff’s mother became the owner *21of the note and she transferred it to him. His present ownership of the paper is not contested. In this…