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14 Ind. 381

Barcus v. Evans

Indiana Supreme Court

Decided June 7, 1860

Indiana Supreme Court · decided 1860-06-07

<p>In a suit upon a note by an assignee, be should aver in his complaint the mode in which the assignment in the given case was executed; because, if it was by delivery, he must make the assignor a party; but if it was by indorsement, he need not.</p>

Good law ✅— No negative treatment on recordhow we know

Decided 1860-06-07

How this case has been cited

Cited by 4 later decisions — most recently January 1907

4 state decisions

1018601870188018901900decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Perkins, J.

¶1Suit upon notes and a mortgage. The suit is by an assignee. He alleges in his complaint tliat the payees “ assigned and delivered the notes,” &c., to the plaintiff. The notes and mortgage were set out by copy, but no assignment of them. The assignors were not made parties. For this cause, specially assigned, the complaint was demurred to; but the demurrer was overruled, and exception taken. There was a personal judgment on the notes for any deficiency on the mortgage sale.

¶2Two modes of assigning notes are authorized by our code; one by delivery, and the other by “indorsement on the back thereof.”

¶3In a suit upon a note by an assignee, he should aver in his complaint the mode in which the assignment in the given case was executed; because, if it was by delivery, he must make the assignor a party; but if it was by indorsement, he need not.

¶4In this case, the assignment is averred to have been by delivery; and, as the assignors were not made parties, *382there was a defect of parties which could be reached by demurrer.

L. M. Ninde and II. W. Puckett, for the appellants.

¶5It has been uniformly held that it was necessary, to show a legal assignment of an instrument under the statute, to aver that it was made by indorsement. Ind. Dig., 211. In the absence of this averment, the assignment was taken to be an equitable one.

Per Gwriam.

¶6The judgment is reversed with costs. Cause remanded, &c.

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