First National Bank v. Bensene

It appears from the record that, on October 2, and again on December 13, 1919, the defendant purchased certain corporation stock of the Cement Products Company of Spencer, Iowa, and gave his notes therefor. These notes were sold for value to the plaintiff. As they fell due hi the plaintiff’s hands, each note respectively was taken up by the defendant by executing and delivering his renewal note therefor. Later renewals were made successively of each note, the interest being paid by the defendant, and partial payments on the principal being made by him. This suit being brought by the…