Weiser National Bank v. Peters

STATEMENT OF FACTS.

This is an action upon a promissory note for $1,500 given to the First National Bank of Weiser, Idaho, by G. A. Peters, appellee, and after five or six renewals, and after maturity, taken over by the appellant bank, which purchased the assets of the failed First National Bank. The execution and delivery of the note was admitted, but it was alleged that there was no consideration therefor, that it was given purely for the accommodation of the First National Bank and under express agreement with the officers thereof that it was not to constitute an obligation or to be paid.

The…