Jeppesen v. Rexburg State Bank

On December 12, 1928, Lawrence J. Jeppesen, son of appellant, executed a promissory note for $6,000, due September 1, 1929, payable to respondent; a renewal of this note was made on December 6, 1929, which latter note was payable September 1, 1930. Both of these notes were indorsed by appellant, waiving protest and notice. The latter (renewal) note was secured by a chattel mortgage executed by the maker of the note, Lawrence J. Jeppesen, to respondent on February 17, 1930, over five months after execution and delivery of the note.

April 20, 1935, appellant deposited in respondent bank, to the…