Parker v. Schultz

Albert. J.

The fact situation shows that the note sued on was for $800, dated November 10, 1930, and due in six months, drawing 8 per cent semiannual interest, together with interest on interest after due. The bank closed its doors and the receiver was appointed on the 11th day of December, 1930.

The defendant admits the execution of the note and that there is due on the same $940.17, together with interest, but pleads as an offset against the same the following facts: That one Elon Kirchoff was a creditor of said bank at the time of the appointment of the receiver to the extent of $6,525.96,…