Sosebee v. Atha

McMurray, Judge.

J. W. Sosebee, Thomas Atha, Henry M. Whitehead, Jr. and W. E. Stewart entered into a joint business venture for the purpose of constructing and operating a motel. The four individuals executed a document (a bank note form) for the purpose of getting the business venture started. This instrument was signed by all four individuals. It stated it was in the amount of $27,000. The name of a bank was struck out and the holder, "J. W. Sosebee,” was added thereto, promising to pay "- dollars with interest after date” until maturity at $400 total for 90 days.

Sosebee, as the holder of…