Robinson v. Cooke

The Frankfort Farmers’ Elevator Company, a corporation, while engaged in business, was in need of money with which to conduct its business, and, in order to obtain the nec essary funds, executed four promissory notes. The contents of the notes become material in passing upon the assignments touching the validity of said notes. The promissory note given to M. E. Cooke is therefore set out in hsec verba:

“No.-

Frankfort, S'. D., January 30, 1927.

“On the 30th day of July, 1927, without grace, for value received, I, we, or either of us promise to pay to the order of M. E. Cooke, Frankfort, S.…