Lincoln Bank v. C & H AGENCY, INC.

OPINION OF THE COURT

FLAHERTY, Justice.

In February of 1966 John Corkery obtained a loan in the amount of $22,000 (Loan A) from Lincoln National Bank (hereinafter “the bank”). On the day of the loan, the bank obtained three promissory notes executed as follows:(1) a note in the amount of $22,000 payable in twenty-two monthly installments signed “C and H Agency, Inc., John J. Corkery Pres.” and also signed “John J. Corkery.” Corkery is the president of a real estate firm by the name of C and H Agency, Inc.(2) A one-day judgment note in the amount of $22,000 signed “C and H Agency, Inc., John J.…