American National Bank v. Woolard

The American National Bank of Mt. Carmel, defendant in error, obtained judgment by confession in the circuit court of Wabash county on a judgment note in the principal sum of $9000, executed by Robert and Mary Woolard, husband and wife, plaintiffs in error, in favor of the First State Bank of Mt. Carmel as payee and indorsed by it to defendant in error. On motion of plaintiffs in error the judgment was vacated and leave given to plead to the declaration. Trial was had before a jury under a stipulation that plaintiffs in error should have the right to interpose any defenses to the note that…