Gibbs v. Wheeler

GRAY, Justice.

Home Service Casualty Insurance Company was adjudged insolvent and on December 1, 195S, appellee was appointed its receiver. As such receiver he brought this suit against B & K Construction Company, a corporation, B. R. Sheffield, its president, James T. Valentine and Dan Gibbs. The suit was to recover on a promissory note dated February 1, 1954, due on or 'before one year after date, executed by B & K Construction Company acting by its president, payable to James T. Valentine and Dan Gibbs or order, for $40,000 with interest from date and containing the usual con-ting’cnt 10…