First National Bank of Hinton v. Young

Woods, Judge:

This is an action by notice of motion for judgment on a negotiable note in the amount of $1,830.00 against Wm. 0. Young and Lenna T. Young, as makers,-and John F. Gros-senbach, as payee. It is alleged to be held by plaintiff bank as collateral for a $1,200.00 note, given by said Grossenbach and discounted by it. On October 1, 1923, Grossenbach sold the Young's a piece of real estate and took as part payment a series of notes, including a $1,830.00 note. No deed passed, but a contract was executed covering same. The note was renewed for another 365 days on October 1, 1924. Shortly…