Stone v. Adams Nat. Bank

On February 8, 1921, appellant, Stone, executed his promissory note for $1,000, payable on October 1, 1921, to the order of the Planters’ Bonded Warehouse ' Company. On February 26, 1921, the Adams' National Bank, of Devine, Medina county, purchased -the note from the warehouse company, at a discount of $47.78, and in payment thereof issued to the latter its non-interest-bearing certificate of deposit for the appropriate amount, payable to the order of the warehouse company on November 1, 1921, which was a month later than the due date of the note. The warehouse company indorsed the note in…