Cole v. Bank of Bowersville

To a suit upon a negotiable note, brought by the Bank of Bowersville, an indorsee, the defendant maker, F.-E. Cole, pleaded, in his answer as amended, that at the time of the execution of the note it was agreed between himself and the payee that it would not be paid in money, but at its maturity would- be offset against other and larger notes held by him against the payee. It was further pleaded that such larger notes -had not *436been paid, that the payee therein was insolvent, and that the plaintiff indorsee had notice of all of these facts when taking the note sued on. At the close of the…