Thompson v. Gore

Appellant, as receiver of the Peoples Bank of Water Valley, brought this action in the circuit court of Ylalobusha county against J. W. Hamner, Jr., and appellee, T. O. Gore, on a promissory note in the principal sum of $3180, which note was payable and delivered to the bank; executed by J. W. Hamner, Jr., as maker, and indorsed by appellee Gore. Appellee Gore alone defended the suit. His defense was that the receiver of the bank, by order of the chancery court in which the receivership was pending, had released his coindorser on the note, O. T. Hamner, and thereby under the law he (Gore) was…