Silberschmidt v. Moran

CAMPBELL, J., pro tem.

Plaintiff, claiming to be the holder in due course of four certain negotiable certificates of deposit issued by the State Bank of Merrill, Michigan, payable to the defendant Thomas Moran, or order, each dated "February 16, 1921, and each for $1,000, brought this action to recover the face thereof, to wit: four thousand dollars, with interest, from defendants Thomas Moran and H. B. Eshleman as indorsers. The defendant Eshleman having absconded and not having been served with process, the action proceeded against the defendant-appellant Thomas Moran alone.

The defenses…