Peal v. Cairo National Bank

Opinion of the Court by

Chief Justice Miller.

Affirming.

On May 20th, 1910, John Shded, as principal, with A. M. Shelby, J. S. Peal and F. S. Saag as his sureties, executed their note to the Ballard County Bank for $1,200.00, due in sixty days thereafter. Four days thereafter the Ballard County Bank assigned the note to the Cairo National Bank, for value, and in the usual course of business.

When the note matured on July 20th, 1910, it was renewed ,for four months, by the same parties. When the renewal note matured on November 20th, 1910, the Cairo National Bank sent it to the Ballard County Bank…