Local Acceptance Co. v. Kinkade

McDowell, judge.

This is an action for balance of $285.00 due on a promissory note, dated January 13, 1959, in the original sum of $360.00, payable in 24 equal monthly instalments of $15.00 each, executed by the defendants, David E. Kinkade and Bonnie Kinkade, payable to the order of “Mortgagee or holder hereof”, and indorsed: “WITH RECOURSE TO Local Accept. Co., “Dealer Melody Sewing Center. Address Joplin, Mo.

Ted Lais.”

*124Defendants, David E. Kinkade and Bonnie Kinkade, filed answer denying that plaintiff is a holder in due course of the note sued on.

Second — that the note and chattel mortgage…