Searing v. Hubbard

Holt, Justice.

Suit on two promissory notes, one for $1,050 and the other for $700, made by defendant to the order of Commercial State Bank of Mankato, the first due March 4, 1932, and the second due March 22, 1932. Plaintiff alleged that. before maturity the notes for value were indorsed and delivered to plaintiff. The answer admitted the execution of the notes, averred that they were given without consideration for the accommodation of the payee bank, and denied that plaintiff paid value for the same. At the close .of the testimony, on motion, a verdict was returned in favor of plaintiff.…