Case v. City National Bank

The purpose of this action was to secure the surrender and cancellation of a note and mortgage for $2,500 held by the defendant bank; and also two other notes for $1,500 and $1,000, respectively, held by the administrator of the estate of B. M. Keister, deceased. The suit is based upon fraud in the procurement of the notes and mortgage. The bank defended on the theory that it was a good-faith purchaser for value; that it bought the note and mortgage from C. C. Fritz for a valuable consideration before maturity and without any notice or knowledge that they were procured by fraud. The decree…