Supreme Court of Iowa January 31, 1891 (Billingsly v. Craddock)

Granger, J.

The note in suit was negotiable, and executed to C. A. Cordes, who indorsed it to the jjlaintiff. Under the defense alleged, the burden was upon the defendant to show fraud in the inception of the note, and also that the plaintiff participated therein, or took the note with knowledge thereof.