Loyd v. Lynchburg National Bank
Supreme Court of Virginia
Error to judgment, of circuit court of Lynchburg rendered May 14, 1888, in an action of debt wherein the Lynchburg National Bank was plaintiff, and A. D. Barnes, and L C. Loyd, partners as A. I). Barnes & Co., and W. H. Loyd, the plaintiff in error, were defendants.
1Opinion of the CourtHinton, J.
This case involves the right of the Lynchburg Hational Bank to enforce the security of a note for $5,000, made by A. D. *691Barnes & Co., on the 20th April, 1885, payable four months after date, and endorsed by William H. Loyd, for the payment of a draft for $435 15, drawn by one G-. W. Smith upon and accepted by the aforesaid firm. And this right is claimed to arise by virtue of the. terms and effect of a certain collateral note executed by the said firm of A. D. Barnes & Co. on the 22d June, 1885, which, it is supposed, makes the note for §5,000 a valid security for the draft. This collateral…
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