Second National Bank v. Scanlon

On August 15, 1919, appellees executed and delivered to the Missouri Valley Cattle Loan Company, a Nebraska corporation, their certain promissory note for $5,000, payable in one year, and bearing interest at eight per cent. The note was given in consideration for certain shares of capital stock of the said loan company. The record shows that the said note was obtained from the makers by false and fraudulent representations. Appellant contended that it was a bona-fide purchaser of the note in due course, and offered proof to sustain this contention. The cause was submitted to the jury, and a…