Betlyn Securities Corp. v. Bates

The appellant, Betlyn Securities Corporation, sued the appellee, S. L. Bates, in an action at law, on nine trade acceptances executed by Bates for fifty dollars each, dated August 5, 1930; delivered by him to the Associated Manufacturers Co., Inc., of Oklahoma City, Okla., and by it regularly indorsed. From a judgment in favor of the appellee, this appeal is prosecuted.

The appellee, Bates, filed several pleas. The circuit judge heard the case without the intervention of a jury. The two pleas relied upon by the appellee were, first, that the payee in the acceptances, the Associated…