First National Bank v. Reed

This is an action brought by The First National Bank of Reedley against the defendant, E. R. Reed on two promissory notes, each bearing date May 3, 1921, one for $11,000, the other for $440. The first note for $11,000 was in renewal of a note dated November 3, 1920, executed by the defendant Reed, the second note represented the accrued interest on the original note. The defendant by his answer admitted the execution of the notes but denied that the sums set forth in said notes were due or payable by the defendant, or any part thereof. The defendant, in addition, interposed, a special defense…