Walker v. Krebaum

Citations

• 67 Ill. 252

Syllabus

<p>1. Assignment op note—sufficiency of indorsement. A promissory note made payable to the Kalamazoo Manufacturing Corporation, was indorsed as follows: “ For value received, I assign this note to Adolph Krebaum, without recourse on Kalamazoo Mfg. Cor: ” Held,, that there was a manifest ellipsis in the form of the indorsement, which, when supplied, as might be done, would be regular.</p> <p>2. Same—authority of person making—how questioned. Where a note, payable to a corporation, was indorsed with the name of the corporation on its back, it was urged in defense, that it was not shown that the indorsement was made by one having authority: Held, that such proof was unnecessary when the assignment was not put in issue by plea verified as required by the statute.</p>