First National Bank v. Greathouse

The opinion of the court was delivered by

Dawson, J.:

This was an action on the following negotiable promissory note:

“$250.00. . March 3, 1921.

“Six months after date, I promise to pay to the order of Producers Consolidated Oil Co. Two Hundred Fifty Dollars at Peoples State Bank; value received, with interest at 8 per cent per annum.

(Signed) “R. A. Greathouse.”

[Revenue stamps attached.]

Indorsed: “The Producers Consolidated Oil Co.

“R. R. Sibley, Pres.”

The plaintiff alleged that before maturity one M. C. Elmore had acquired it in due course from the payee, and that Elmore had sold, assigned and…