First National Bank v. Campbell

This is an action on a negotiable promissory note. The defense was that the note was executed and delivered by appellants to one MacMullin on a deal by which he would sell appellants a certain 80-acre tract of land free and clear of all encumbrances, and would the next day execute and deliver to appellants a written contract to that effect and an abstract showing title in him free and clear of all encumbrances; that the promissory note in question was delivered by appellants to MacMullin with the understanding that it would not become effective until the execution of the contract of sale and…