National Bank of the Republic v. Current

Opinion op the Court by

Judge O’Rear

Reversing.

Current and Wood executed two promissory notes to the American Automatic Advertising Co. for $706.25 each, which before maturity were discounted to appellant for value. The notes were given for the price of certain rights to the exclusive use of patented articles in territory in Kentucky. Appellees the makers defended on the ground that the notes were given to itinerant persons, and for the rights named, and, as they were not indorsed “peddlers note,” as required by section 4223, Ky. Stats., they were void. They also pleaded that the consideration…