Legal Opinion

Weiser National Bank v. Peters

Supreme Court of Arkansas

Decided October 3, 1927Published

1Opinion of the Court

Kirby, J.,

(after stating the facts). The-note sued on was made and payable in the State of Idaho, where all the transactions relative thereto occurred, and must be considered a contract governed by the laws of that State. Contracts or notes of like kind, given purely for accommodation of the payee and without consideration, are not enforceable by the payee or his assignee after maturity, under the laws of that State. Payette Nat. Bank v. Ingard, 34 Ida. 295, 200 Pac. 344; First Nat. Bank of Idaho v. Reins, 42 Ida. 720, 248 Pac. 90. See also First Nat. Bank v. Freeman, 83 W. Va. 477, 98 S. E.…

2Cases cited7 opinions

  1. Chicago Title & Trust Co. v. BradySupreme Court of Missouri · 1901
  2. Stewart v. SimonSupreme Court of Arkansas · 1914
  3. First Nat. Bank of Idaho v. ReinsIdaho Supreme Court · 1926
  4. Grisim v. Live Stock State BankSupreme Court of Minnesota · 1926
  5. Haglin v. FriedmanSupreme Court of Arkansas · 1915

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