Bank of Sutton v. Skidmore

Hat Cher, President :

This appeal involves the question of whether a note' was discharged or purchased by the Bank of Sutton. The Bank (plaintiff below and appellant) alleged a purchase, but the circuit court held a payment, and decreed that plaintiff take nothing.

By deed of April 1, 1925, A. Hamric, G. S. Hamric and Lot Carroll conveyed to W. H. Eakle a lot in the town of Sutton. The consideration was. $1,000.00 cash and six notes of $1,000.00 each, payable at the Home National Bank of Sutton, in from one to six years from date, respectively, and secured by a vendor’s lien. Eakle conveyed the…