Pioneer National Life Insurance v. Hall

The opinion of the court was delivered by

Wedell, J.:

This was an action on a promissory note. Defendant prevailed, and plaintiff appeals.

The petition contained the customary averments of an action on a promissory note when held by an endorsee of the payee. It alleged the note was made payable to one J. E. Gardiner on August 12,1931, and was purchased by plaintiff for value, in good faith and without notice, on August 14, 1931. The note was executed in the *786sum of $101.12, which was the amount of the first annual premium. The note was payable in monthly installments. At the time of application…