Stanley v. Penny

Citations

• 75 Kan. 179
• 88 P. 875
• 1907 Kan. LEXIS 34

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. PARTIES — Action on a Promissory Note. The owner and holder of the legal title to a promissory note may maintain an action to enforce collection thereof, even though a third party may be entitled to the proceeds.</p> <p>2. - Evidence that Plaintiff Is Not the Equitable Owner. Where the payee of an unindorsed, negotiable promissory note has possession thereof he may maintain an action thereon against the maker, and in such an action evidence merely tending to show that a third person has a beneficial interest in the proceeds of the note is immaterial.</p>