Banking Commission v. Townsend

On October 27, 1928, the defendant, R. C. Townsend, was indebted to the Bower City Bank in the sum of $1,800, for which amount he gave his promissory note. That note was signed “Townsend Tractor Company, R. C. Townsend,” Townsend being a sole trader under the name of Townsend Tractor Company. The . note was not paid and on December 31, 1930, the defendant executed and delivered to the Bower City Bank a note of which the following is a copy:

Payments begin March 1, 1931.

No. 40643 Name check 124D Due Date D 19. . .

R. $1972.07 Janesville, Wis., Dec. 31, 1930.

For value received on demand after…