Rasmussen v. State Nat. Bank

Rising, C.

The defendant below, Rasmussen, on the 2d day of April, 1883, made, executed and delivered to the plaintiff below his two promissory notes — one for §100, due five months after date, and one for $375, due six months after date,— and these notes are set out in the complaint as plaintiff’s third and fourth causes of action. Defendant, for answer to these causes of action, alleges thatj being in failing and insolvent circumstances, he made a general assignment for the equal benefit of all his creditors, and then made a composition with his creditors, by the terms of which he agreed to…