Spencer v. Citizens' State Bank of Woodville

The appellee bank sued the appellant, Spencer, to recover upon a promissory note in the principal sum of $5,000, executed by the appellant on April 20, 1927, and payable four months after date, to Homer N. Chapman, and indorsed by Chapman to S. W. Sib-ley. Chapman and Sibley were made parties defendant.

The petition is in the usual form, and it is alleged that the note was indorsed in blank by Chapman to Sibley, and was sold, transferred, assigned, and delivered to appellee bank for valuable consideration. Spencer alleged that he executed the note payable to Chapman without receiving value…