Supreme Court of Iowa October 20, 1925 (Smith v. Godfrey)

Evans, J.

It will be more convenient to confine the terms of our discussion to one case. Our conclusion and the reasons therefor will be applicable alike to both eases.

Taking the first entitled case, it appears that the plaintiff, Sidney .Smith, was holder of a $50,000 mortgage duly executed by the defendants Boyer, Dayton, and Craig.