Houghton v. American Trust & Savings Bank

The American Trust & Savings Bank, as the holder in due course, brought this suit against the plaintiff in error, Houghton, as maker, and N. G. Buchoz- and W. H. Vance, as indorsers, to recover upon a promissory note in the sum of $1,300 executed by Houghton to order of Buchoz and Vance.

Houghton set up a cross-action against Buchoz, as follows:

“Further answering herein, this defendant says that on or about March 20, 1920, he was in the office of defendant N. G. Buehoz; that said Buchoz and this defendant had been close personal friends for many years; that while in the office of said Buchoz,…