Farmers State Bank in Merkel v. Largent

Without, by his pleadings, distinctly separating the defense of want of consideration from the defense of accommodation maker of the note (for payee), Largent’s answer perhaps sufficiently alleges both defenses. The conclusions of fact of the trial judge sustain the defense of want of consideration, but in connection with the conclusions of law, under comparatively recent decisions do not support a judgment for said Largent upon the defense of accommodation party to the note. Considered alone, some of the conclusions of fact make plain that Largent the first time he signed the note…