Barnes v. Peet

Plaintiff sued defendands in the circuit court for the county of Gratiot upon the following promissory note:

“ 1,000. Ithaca, Mich., July 10, 1888.

“One year after date, for value received, I promise to pay to the order of R. A. Peet one thousand dollars, at the banking office of Steel, Turck & Co., Ithaca, Mich., with interest at 8 per cent.

“K. P. Peet.

“D. O. Johnson.

Indorsed on back: “R. A. Peet.”

The defense on the trial of the case was substantially as follows: At the time the note in suit was made K. P. Peet was president, and Barnes the secretary and treasurer, of a mutual life insurance…