First National Bank of Ritzville v. Gunning

This is an appeal from a judgment based upon a directed verdict of the jury in an action brought to recover on a promissory note executed by the appellants. The sole question is whether the appellants presented sufficient evidence in their defense against payment to go to the jury.

The respondent purchased notes before maturity for value. The appellants allege in their affirmative defense, however, that respondent is not a holder in good faith, for two reasons: first, because a conspiracy existed between the payee of the notes and the officers of the respondent; and second, because the…