Higgins v. Radach

In their complaint, plaintiffs alleged that, on or about August 27, 1932, defendant, Fred Radach, executed and delivered his negotiable promissory note, whereby he promised to pay, March 1, 1933, for value received, to the order of Fred Schwab Commission Company of Washington (hereinafter referred to as the Commission Co.), one hundred ninety dollars, with interest at the rate of eight per cent per annum; that the payee, for a valuable consideration, transferred the note to First National Bank of Ephrata, a corporation; that the bank became insolvent, and, on or about June 13, 1936, the…