Hoosier Mutual Insurance v. Citizens Trust & Savings Bank

This is an action by the Citizens Trust and Savings Bank of Princeton, appellee in this court, against the Hoosier Mutual Insurance Company, appellant herein, and five individuals upon a promissory note signed by one of the individuals, Carl W. Young-blood, as principal, and the other four individuals as sureties, and payable to the insurance company. The note is negotiable in form, and the complaint alleges that the bank, for a valuable consideration and before maturity, in due course of business, purchased the note from the insurance company, and that the latter indorsed the same to the…