Lanford v. Parsons

GRAY, Justice.

This appeal is from a judgment denying appellant any recovery in his suit on a promissory note, dated November 1, 1948, due January 5, 1949, executed by appellee and payable to appellant, or order.

*426Appellee’s answer was that the note sued on was without consideration; failure of consideration; that a part of the consideration for the note was the transfer of six shares of stock in Equipment Sales Company, a corporation, and that as a part of the consideration for the note sued on, and simultaneously with its execution, the parties entered into the following written contract:

“The…