Farmers & Merchants State Bank v. Quasebarth

The opinion of the court was delivered by

Johnston, C. J.:

The action was brought by the Farmers and Merchants Bank to recover on a negotiable promissory note for $625, executed by the defendant, Alice Quasebarth, in favor of the Kansas Life Insurance Company, maturing October 1, 1916, and which was transferred to the plaintiff. The defendant claimed that the note was obtained by fraudulent representations of the insurance company, and that the plaintiff had knowledge of the fraud when it purchased the note. The issues were determined in favor of the plaintiff, and defendant appeals.

The note in…