Farmers Savings Bank v. Friar

Faville, J. —

Appellee subscribed for shares of stock in the Planters Terminal Elevator Company, a corporation then being organized in the city of Des. Moines. He executed two notes, representing the stock subscription, one for $7,000 and one for $3,000. The note of $3,000 was sold and transferred to appellant, and the note in suit was given to appellant in renewal of the said note so purchased by it. Appellee pleaded fraud in the procurement of the original note, and all of the grounds of fraud were withdrawn by the court, in the instructions to the jury, except two: namely, an alleged false…