Evans v. Colorado Savings Bank

This is an action to recover the balance of a promissory note, the history of which is as follows: On February 15, 1928, at Phoenix, Arizona, the appellants, W. A. and Sophia Evans, made and delivered their promissory note for $14,987, payable on or before November 15, 1928, to E. J. Mc-Dermott, with interest at seven per cent per annum. In due course, on March 10, 1928, and before the note was due, McDermott indorsed it to the appellee, who paid full value for it.

At or before the time of its transfer to appellee it was also indorsed by Clarence Underhill, of Colorado Springs, Colorado.

On…