Lycoming Trust Co. v. Allen

Opinion by

Gawthrop, J.,

Plaintiff Lycoming Trust Company claiming to be a holder in due course, brought suit against the maker of a $2,000 promissory note alleged to have been made by him to the order of Park Amusement Corporation, and bearing the following indorsements: “Park Amusement Corp., N. E. Watson, Treas.; James Y. Bennett Co., by Sherman E. Bennett; West End Lbr. & Supply Co., Inc., C. E. Updegraff, Pres. ’ ’ It alleged that it acquired the note from the last indorser before maturity for a valuable consideration. In his affidavit of defense defendant admitted the execution of the…