Johnson v. Ulrey

On February 21, 1923, the appellant herein, S. J. Ulrey, executed and delivered to the Farmers and Merchants State Bank of Chino, California, a promissory note for the sum of $5,000, together with interest thereon at the rate of eight per cent per annum, payable six months after date. Thereafter, the note not having been paid at its maturity, the plaintiff, as superintendent of banks of this state and in charge and in control and in possession-of the property and business of said bank in liquidation, instituted this action to recover the amount due on said promissory note. Appellant answered…