General Motors Acceptance Corp. v. Talbott

This action was brought to recover upon a promissory note. The complaint alleges that the note in question, a purported copy of which appears in the complaint, was made and executed by appellant on February 14, 1921, and delivered to defendant, W. O. Johnson, doing business under the name Changnon & Company. The principal amount of the note was $1,080, which was payable in twelve equal monthly instalments of $90 each, the first in-stalment being due and payable “one month after date.” It is next alleged that “before the due date of the first payment of said note” Changnon & Company indorsed…