Ameritrust Company, N. A. v. White

CLARK, Senior Circuit Judge:

This is a suit on a promissory note by the owner of the note, plaintiff-appellant Ameri-trust Company, N.A. (“Ameritrust”), against the maker, defendant-appellee C.K. White (“White”). White executed the note as part of the purchase price of a limited partner’s share in a limited partnership known as Am-berwood Apartments of Bartow County, II, Ltd. (“Amberwood”). White made the note payable to Amberwood. Thereafter, Amber-wood’s general partner, Cardinal Industries, Inc. (“Cardinal”), endorsed the note on behalf of Amberwood to one of Cardinal’s affiliates, Cardinal…