Exchange Bank of Meggett v. Bennett

The opinion of the Court was delivered by

Mr. Justice Carter.

Plaintiff instituted this action, one on a note, on March 1, 1934. The complaint alleges that, on the 20th day of October, 1932, the defendant executed and delivered, for value received, to plaintiff his collateral promissory note, in the face amount of $3,600.00; that this note became due and payable on January 20, 1933; that defendant refused payment, and that there is now due and owing thereon $3,500-.00. The complaint sets out in full this note which recites that defendant had deposited as collateral for its payment seven hundred…