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CREDIT INDUSTRIAL COMPANY v. HAPPEL, INC.

No. 50152.

106 N.W.2d 667 (1960)

CREDIT INDUSTRIAL COMPANY, Appellee, v. HAPPEL, INC., Appellant.

Supreme Court of Iowa.

December 13, 1960.

Attorney(s) appearing for the Case

Ries & Osmundson, Iowa City, for appellant.

Emil G. Trott, Richard H. Plock, Jr., and Edward F. Rate, Iowa City, and Carol S. Callaway, Des Moines, for appellee.

GARFIELD, Justice.

Plaintiff, Credit Industrial Company, brought this law action in the district court of Johnson county against defendant, Happel, Inc., to recover on three trade acceptances. The petition alleges defendant issued them in payment of materials it purchased from Carbozite Protective Coatings, Inc., that Carbozite endorsed the instruments to Ohmlac Paint & Refining Co., plaintiff purchased them from Ohmlac before maturity without notice and is a...

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