Ameritrust Co., N.A. v. White

ORDER

CARNES, District Judge.

The above-styled case was tried before the Court on October 25, 1993. Plaintiff Ameri-trust Corporation, N.A. (“Ameritrust” or “plaintiff’ or “counter-defendant”), filed this action seeking to collect monies allegedly owed it as a result of Ameritrust’s possession of a certain promissory note 1 (the “note”) executed by C.K. White (“White” or “defendant” or “counter-plaintiff’). Ameritrust came to possess the note by taking it as collateral for a loan made to a third-party, Cardinal Industries Services Corporation (CISC), who had possession of it after the note was…