Citizens' Bank v. Stewart

The action is upon a promissory note, which appears, by admissions and evidence, to have been signed, executed, and delivered by appellant to the American Manufacturing Company and by the payee sold and assigned, on July 3,1911, before maturity, and for a valuable consideration, to the respondent. The note was dated June 8,1911, and was in the following form: “For value received I promise to pay to the order of American Manufacturing Company fifteen hundred dollars at Lexington, Tennessee, in ten installments as below: . . . Default in the payment of any installment shall, at the option of…