Wallace v. Mouton

This is a suit upon a promissory note, dated April 13, 1923, for $2,000, with eight per cent, per annum interest thereon from date until paid, and 20 per cent, as attorney’s fees, payable six months after date, to the order of McGinty-Cadenhead Company, Inc., signed by the defendant and indorsed “McGinty-Cadenhead Company, Inc., L. C. Cadenhead, V. P. Gen. Mgr., E. F. Lyons, Sec’ty Treas.; United Loan & Discount Co. Inc. L. C. Cadenhead, V. P. Gen. Mgr. and L. C. Cadenhead.”

The plaintiff alleges that he acquired the note in due course, before maturity, for a valuable consideration; that it is…