Forbes State Bank v. Higgins

March i, 1921, L. O. Higgins and C. Reidinger executed and delivered their promissory note for $2,075, complete and regular upon its face, payable to Geo. H. Ladd and Chas. C. Ladd or order. The complaint alleges that the said payee, 'before maturity, for value received, indorsed and delivered the note to the Fanners’ State Bank of Forbes, N. D., and that at the time of the consolidation of the said Farmers’ State Bank and the plaintiff bank the above note became the property of the plaintiff. Defendants pleaded the defenses that the plaintiff was not a real party in interest and that the…