National Bank of Kentucky's Receiver v. Snead

Opinion of the Court by

Judge Rees

Reversing.

A. M. Anderson, receiver of the National Bank of Kentucky, brought this action against Myra Pearce Snead and her husband, Prank P. Snead, to recover on a note for $3,000 executed and delivered to the hank on September 29, 1930. The note represented an indebtedness to the bank which had been running for several years, and for which renewal notes had been executed from time to time.

On August 28, 1925, Myra Pearce Snead and her husband, Frank F. Snead, executed and delivered to the bank their promissory note for $2,500, due four months after date. The…