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TIPTON v. HEEREN

Nos. 22916, 23184.

859 P.2d 465 (1993)

Lee G. TIPTON, Appellant, v. Paul HEEREN and Carol Heeren, Respondents (Two Cases).

Supreme Court of Nevada.

September 23, 1993.

Attorney(s) appearing for the Case

Morton & Associates, Las Vegas, for appellant.

Jimmerson, Davis & Santoro, and Lynn M. Hansen, Las Vegas, for respondents.

OPINION

YOUNG, Justice:

The appeal in Case No. 22916 concerns whether appellant Lee Tipton ("Tipton") was a holder in due course ("HDC") of a $60,800 unsecured promissory note (the "Note") made payable to Applied Genetic International, Inc. ("AGI") by respondents Paul and Carol Heeren ("Heerens") for the purchase of a cow. The district court ruled for Heerens, finding that Tipton did not constitute an HDC. As a result, the district court subjected...

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