First National Bank v. Grindstaff

This was an action by the appellant against the appellees on two promissory notes executed by the appellees to Matthews & Bro. and endorsed by them to the plaintiff. The notes were, on their face, “ payable and negotiable at the Bedford Bank, Lawrence county, Indiana.”

The defendants answered in two paragraphs. In the first, they alleged that the notes were given without any good or valuable consideration whatever, and that there never was any such bank as that named in the notes. The second paragraph of the answer alleged a warranty of the property for which the notes had been given, a breach…