Bank of Centerville v. Larson

This" is an action to recover on a promissory note executed by defendant. Plaintiff alleges that defendant thereafter executed the following instrument:

“Oct. 31st, 1919.

“To the Bank of Centerville: You are at liberty to purchase my note of this date for $12,500 if you desire. There are no offsets or conditions against this note. F. O. Larson.”

And the plaintiff, believing defendant had no defense to the payment of said note, was induced to and did purchase the same in good faith for a valuable consideration.

Defendant specifically denied that he signed or executed the note sued on, or the…