Wood v. Sands
Wood v. Sands
Opinion of the Court
Opinion by
On the 14th day of January, 1831, Joseph Thompson executed his note, or contract in writing, as follows: “ For value received, I promise to pay Andrew Wood, or bearer, the sum of two hundred and sixty dollars, as follows, to wit: fifteen dollars will be due on the 15th of July next; fifteen dollars on the 15th of January next; fifteen dollars on the 15th of July, 1852; and balance, being two hundred and fifteen dollars, will be due two years from this date.”
On the same day, Thompson executed a mortgage on certain real property in Wapello county, to secure the payment of the note. On the back of the note there is indorsed : “ I assign the within note to Mrs. Sarah Coffin, October 31st, 1851.” To this assignment there is no signature.
“For value received, I assign the within, 12th November, A. I)., 1851.
Sarah Confín.”
On the back of the mortgage is the following indorsement: “November 12th, A. D. 1851, for value received, I assign the within mortgage, together with all my right, title, and legal and equitable interest in the same, to David Sands.
Andrew D. Wood.”
At the April term of the district court, 1853, Sands filed his petition for a foreclosure of the mortgage against Thompson, and made Wood party, and claims judgment against the defendants, for the amount due on the note. The defendant, Thompson, made default, and a judgment
The defendant excepts to the decision of the court below in rendering the last judgment.
There is no cause of action against Wood stated in the petition; his signature does not appear on the note; and his assignment of the mortgage to Sands creates no liability whatever. True, the petition states that Wood assigned the note to Coffin; but the copy of the assignment attached to, and a part of the petition controls- that averment, and fixes the fact that he did not indorse. § 1750 of the Code
Judgment reversed;
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