Moore v. Kildall

This action was brought by the state bank examiner, in charge of and liquidating the German-American Mercantile Bank, an insolvent state banking corporation, to recover a balance due upon a demand promissory note in the sum of $3,240.45, executed by the defendant to the German-American Mer*505cantile Bank on September 25, 1916, and for the foreclosure of certain collateral securities. The defense was, in substance, that there was no consideration for the note and that, at the time the note was executed, an oral agreement was entered into between the maker of the note and the president and cashier…