Baird v. Utecht

On December 12, 1929 the defendant executed and delivered three promissory notes payable to The Farmers & Merchants State Bank of Verona for $100.00, $235.00, and $75.76, respectively.' All three notes bear interest at nine per cent per annum and are payable on demand. The bank closed on March 29, 1930 and shortly thereafter was placed in the hands of the plaintiff as receiver. At the time of the closing of the bank the defendant had on deposit in a checking account the sum of $16.08 which the plaintiff applied upon the defendant’s notes without his knowledge or consent. Application was made…