Bellevue Commercial & Savings Bank v. Highfill

Opinion op the Court by

Judge Cammack

Reversing.

In 1930, Everitt Highfill and his wife, Gertrude, executed three $1,000 notes to C. M. Derrick payable in one, two and three years respectively. The notes represented the unpaid portion of the purchase price of real property which the Highfills purchased from Derrick. In 1930, Mr. Derrick and his wife borrowed $2,000 from the appellant, Bellevue Commercial & Savings Bank. That note was due 30 days after date. Mr. Derrick pledged the Highfill notes as security on his loan from the Bank. The original note and the renewals thereof, all of which were…