Lawrence v. Citizens State Bank

The opinion of the court was delivered by

Dawson, J.:

This was an action to procure the defendant’s indorsement on certain negotiable promissory notes which the plaintiff had acquired from defendant bank in due course.

The circumstances in brief were these: Plaintiff was a depositor in defendant bank. He was a friend of the bank’s president, and told the latter he wished to invest some of his money. The bank president said he would sell him some good paper that would make him a safe investment and yield a return of 6 per cent. Plaintiff assented to this proposition, and shortly afterwards the…