Gulf Collateral, Inc. v. Johnston

OPINION

McDONALD, Chief Justice.

This is an appeal by plaintiff Gulf Collateral from take nothing judgment in suit against defendant Johnston on 10 checks for $131.88 each.

Plaintiff sued defendant alleging that Desert Inn Hotel in Las Vegas, Nevada assigned it 3 checks of $500. dated on January 8 or 9, 1969, which Desert Inn cashed for defendant, and which were returned by defendant’s bank marked “Insufficient Funds”; that plaintiff “entered into a compromise agreement” with defendant whereby defendant executed 12 checks for $131.88 each dated one month apart, that 2 of these checks were paid…