Watson v. American National Bank

1. Tlie note sued upon was by its terms payable to the order of the maker. It appeared to have been duly indorsed by him, and suit thereon was brought by the American National Bank as holder. “A promissory note payable to the order of the maker thereof and properly indorsed by him is a negotiable instrument, and the holder is presumed to be such bona fide and for value, and is protected from any defense set up by the maker, acceptor, or indorser, except non est factum, gambling, or immoral and illegal consideration, or fraud in its procurement by the holder.” Pryor v. American Trust &c. Co.,…