McPherson v. Gregory

Plaintiff, receiver of the Pontiac Commercial & Savings Bank, sued defendants to recover judgment upon five separate promissory notes given by defendants to the bank. The form of the notes, except numbers, dates and amounts, was substantially as follows:

“No. 169479 $2,500

“Pontiac, Mich., Feb. 22, 1931.

“Ninety days after date, for value received; we the undersigned, being husband and wife, jointly promise to pay to the order of the Pontiac Commercial and Savings Bank, two thousand five hundred and 00/100 dollars at said bank with interest at seven per cent, per annum, payable annually. All…