Central Nat. Bank of Waco v. Lawson

On March 11, 1925, appellant instituted this suit against appellee to recover judgment on a $16,000 note which ap-pellee executed and delivered to appellant on November 13, 1920, payable four months after date. Appellee admitted the execution of the note, but claimed that he was not liable because it was an accommodation note executed to appellant hank without any consid eration. In order to obtain the opening and closing in the trial of the case, appellee, under Rule 31 for District Courts, admitted appellant’s cause of action, except in so far as he might defeat same in whole or in part by…