Bank of Bernie v. Blades

The plaintiff, a banking corporation, brought suit on a note for $3000, executed by defendants, payable to the order of the Oil Finance Corporation, indorsed as follows: “Oil Finance Corp. Without Recourse.” “By H. C. Staggs.” It is through this indorsement that plaintiff claims to own the nóte. The petition alleges that the plaintiff purchased the note in good faith, for a valuable consideration, $2850, before it was due, and without any notice of infirmity therein.

The answer alleges that the note was given on the solicitation of Staggs and Turner, two men representing themselves as being…