Arnd v. Grell

I. The plaintiff sued upon a negotiable promissory note for $500, duly signed by the defendant. Encounter ing an' answer which set up fraud at the inception of the note, the plaintiff abandoned his original petition, and filed an amendment. He averred therein that the defendant was a subscriber for five shares of capital stock in Nielsen Aero Company, a corporation; that he executed the note set out in plaintiff’s petition as evidence of his indebtedness for said subscription; that thereafter the corporation borrowed from the plaintiff the sum of $1,000, and on a later date the further sum of…