First National Bank in Oshkosh v. Scieszinski

The bank commenced the instant action on March 17, 1962, to require defendant AAA to purchase back the Palmer note under the terms of a dealer/contractor certificate which was executed as part of a transaction between AAA and the bank. Paragraph-4 of the complaint alleges the following:

"“That at the time said defendants discounted said note with plaintiff and obtained said $1,700 from plaintiff, and as part of the same transaction, said defendant partnership contracted in writing with plaintiff in manner and form as follows :

“ ‘As consideration for the purchase of the buyer’s note, the…