First National Bank v. Hasie

This suit is upon negotiable promissory notes, executed by the defendant in error to one S. J. Rice, and by him indorsed and delivered, before their maturity, to the plaintiff in error, which instituted the action thereon. An answer was filed, alleging that the notes had been given to Rice in part payment for land ; that the consideration therefor had failed ; that an action had been instituted against Rice to recover a cash payment upon the land; that judgment had been rendered against him therefor ; that plaintiff knew of the failure of consideration of *755such, notes before it acquired them,…