Jackson National Life Insurance v. Bakaian

One night, apparently in September, 1966, the defendant-appellee and Mr. Thomas, the vice-president and “director of agencies” for plaintiff-appellant, went to a night club together. The 2 men allegedly discussed the possibilities of defendant leaving his employment with another insurance company and coming to work for plaintiff. Defendant signed a note which is not in issue here, having been lost by the plaintiff.

On September 16, 1966, defendant signed another promissory note in return for a check from the plaintiff in the amount of $900. Following is the text of the note:

“PROMISSORY NOTE

ROYA…