Davis v. McAlpine

McAlpine, assignee of Cochran, sued Davis upon a promissory note here copied:

“ Ninety days after date I promise to pay Samuel Cochran, or order, 550 dollars, for value received, waiving all valuation and appraisement laws, with interest from date, payable at the Citizens’ Bank at Richmond, Indiana. November 20, 1856. [Signed] David J. Davis. [Indorsed] Samuel Cochran.”

The defendant pleaded, by way of answer, a want of consideration for the note, and averred “ that the Citizens’ Bank, in the complaint named, was an unincorporated business-house in the city of Richmond, Indiana, receiving…