City National Bank v. Johnson (1)

A correct understanding of the issues now presented for. our decision requires a brief, statement of the issues heretofore decided, out of which the present litigation arose. . : .

On July 29, 1927, C.-'B: Johnson and Jessie M., his wife, executed to the City National Bank, agent, twenty-five notes for a thousand dollars each, due three years after date, and by way of security therefor gave a mortgage on four separate pieces of real property in the city of Fort Smith.’ The bank sold these notes to the following persons: To J. A. and P. L. Riggs, $7,000; to E'. N. King, $2,000; to Mrs. D. B.…