Cobb v. Farmers & Merchants Bank

Opinion op the Court by

Judge Baird

Affirming.

The Farmers & Merchants Bank instituted this action in the Webster circuit court against J. T. Cobb. Its suit was based upon a plain promissory note for the sum of $1,267.87, payable three months after June-15, 1935. After setting up the note in its petition and alleging that no part had been paid, it further alleged, that said note was executed for a valuable consideration. Appellant by answer made no denial of the execution, but did deny that the note was executed fpr a valuable consideration, and affirmatively pleaded lack of consideration.

The…