Ely, Salyards & Co. v. Farmers' Elevator Co.

The plaintiff brought this action to recover the sum of $2,017.62, a balance due upon a note in the sum of $5,000 dated October 1, 1920, due ninety days after date, executed by the defendant corporation, indorsed by Simon Gilbertson, Anton Storvick, Aimer C. Mildahl, A. F. Nohle, Anton Dahl and Emil Olson, directors and stockholders of the defendant 'company, and delivered to plaintiff. The defendant company filed a separate answer admitting the execution of the note, denying that it received any consideration therefor and that any balance was due, and alleging affirmatively that the note was…