Glatt v. Fortman

The appellant’s complaint is founded on á promissory note executed by the appellees. The note contains a provision making it payable at the Jennings County Bank. The answer alleges that on the day the note became due the appellees paid to the bank the principal and interest of the note, and directed that it be applied to its payment; that, at the time the money was placed in the bank the appellees did not know who the holders of the note were, and that long after the money was deposited the bank became insolvent.

The answer must be adjudged bad. We have a statute which reads thus: “In any…