White v. K. B. Johnson & Sons, Inc.

The note in controversy was signed, “K. B. Johnson and Sons, Incorporated, by K. B. Johnson, president.” The note was for $2,000. Payable at 60 days. Nothing has been paid on the note except one payment of interest to 2 January, 1932. The plaintiff testified that “he lent $2,000 to K. B. Johnson and Sons, Incorporated, and received as evidence of the debt a note for $2,000.”

C. S., 3004: “Every negotiable instrument is deemed prima facie to have been issued for a valuable consideration, and every person whose signature appears thereon to have become a party thereto for value.”

O. S., 3008:…