Lockney State Bank v. Martin

The appellant bank brought suit against Martin upon a negotiable note executed February 1, 1913, by appellee, Martin, due 12 months after date, payable to R. L. Underwood or order, for the sum of $500, with interest thereon at the rate of 8 per cent, from date until paid, and the usual ten per cent, attorney’s fees. This note is indorsed in blank by R. L. Underwood. The appellant bank alleged that it was the holder of the note for value, acquiring the same 'before maturity in due course of trade, without any notice of infirmities in the note.

Martin, by answer, set up that Underwood was the…