Inter-Southern Life Insurance v. First National Bank

Opinion op the Court by

Judge Thomas

Reversing..

J. B. Wakefield and one Bradley were agents for the' appellant (defendant below) for' the purpose of selling its treasury stock, it being a life insurance corporation, and on August 16,1913, the agents effected a sale of fifty shares of the stock to E. M. Strong, at Hazard, Kentucky. They took from him in payment therefor this note: “Hazard, Ky., August 16, 1913. Twelve months after date I promise to pay to the order of myself One Thousand Dollars, negotiable and payable at the First National Bank of Hazard, Kentucky, for value received, with…