Prichard v. Strike

The respondent sold to the appellant Strike an apartment-in Salt Lake City for $18,000. As part payment of the purchase price Strike transferred and delivered to the respondent a negotiable promissory note in the sum of $8,000 executed by the defendant Weber Sand & Gravel Company, a corporation, by Strike as its president and one Brown as its secretary, and payable to Strike as the payee. The note recited that it was secured by a chattel mortgage of even date therewith. When the note was transferred and delivered to the respondent,' which was before its maturity,. Strike indorsed it thus:

“For…