Bishop v. Exchange Bank

The Exchange Bank brought its action against' Bishop as principal, and Johnson, administrator, whose intestate was surety, on a promissory note, dated August 18, 1898, for $1,961, with interest at 8 per cent, per annum from date, and 10 per cent. *963attorney’s fees. Bishop answered, admitting the execution of the note, its date and amount, and that payment had been demanded and refused; but alleging that when he applied to the bank for the loan the president informed him that he would lend the money, but that first Bishop must assume and pay off two notes for $58.63 each, held by the bank…