American Finance Corp. v. Bourne

American Finance Corporation, a corporation, instituted suit in the district court of Woodward county against R. F. Bourne, and appeals from the judgment rendered in favor of Bourne.

Plaintiff’s petition alleges that Bourne executed and delivered his promissory note, for a good and valuable consideration, to the Flag Company, and before maturity, for a good and valuable consideration, the payee negotiated the note to plaintiff, who was an innocent purchaser, and is now the owner and holder thereof. It is alleged that certain stocks were pledged, that default in payment at maturity was made,…