Bearden v. Nesuda

HALE, Justice.

Appellant sued appellee and Cosmopolitan Building Corporation, hereafter referred to as the Corporation, to recover on a negotiable promissory note dated March 1, 1950, in the principal sum of $510, said note being signed by appellee and being payable to the order of the Corporation one year after its date, alleging that he was an innocent purchaser for value of the note before its maturity. Appellee answered with a general denial and a verified plea that there was no consideration for the execution of the note, that the consideration for the execution thereof had wholly failed,…