Luikart v. Braasch

This is an action on a promissory note for $1,345.82 with interest at the rate of 10 per cent, per annum, dated August 8, 1931, and payable on demand. Henry Braasch, defendant, signed the note. The Liberty State Bank of Sidney was payee, but became insolvent and E. H. Luikart, was appointed receiver February 2, 1932. As such he is plaintiff. It is alleged in the petition that no part of the debt has been paid except $282.48 and $52.14 on May 26, 1932.

The answer of defendant contained a general denial and affirmative defenses that the president of the bank requested him to indorse the note as…