First Nat. Bank of Aubrey v. Chapman

The appellant bank instituted this suit against appellee W. V. Chapman, as the maker, and C. W. Geers, L. D. Moss, and C. T. Wright, the payees, as in-dorsers on a promissory note for $252.50, dated March 1, 1910, due January 18, 1911, bearing interest from date at the rate of 8 per cent, per annum, and containing the usual clause relating to attorney’s fees. C. W. Geers, L. D. Moss and C. T. Wright made no defense, but the appellee Chapman pleaded, in substance, that on March 1, 1910, he traded to C. T. Wright an automobile of the estimated value of $1,200, for which he received a vendor’s…