Beam v. John Deere Company of St. Louis

Paul Ward, Justice.

On July 21, 1964 The John Deere Company of St. Louis (appellee herein) filed a complaint in circuit court against Neal Beam, d/b/a Beam Construction Company (appellant herein), containing in substance the following allegations material on this appeal: (a) On February 9, 1962 appellant executed a title retaining note in the sum of $9,284.44 in part payment of a used John Deere Tractor purchased from the Pulaski Implement Company, hereafter referred to as “Pulaski”; (b) said note was negotiated, before maturity, to appellee who is the bona fide holder thereof ; (c) appellant…