Wilmans v. Peoples Building & Loan Ass'n

In 1932, there were two business enterprises conducted in the town of Newport, Jackson county; one, the First National Bank of Newport, and the other, the appellee, Peoples Building & Loan Association. W. T. Parish was the cashier of the former and the secretary-treasurer of the latter. In October, 1932, while Mr. Parish was occupying the positions mentioned, B. D. Wilmans, executed a note for $750, dated October 26, due ninety days after date, and naming Parish as the payee. ■ Subsequent to this transaction Mr. Parish’s connection with the above-named institutions ceased, and his successor…