Felty v. Olwan

Opinion of the Court by

Judge Tilford

Affirming.

On September 19, 1935, appellant instituted this action against appellee to recover the face value of five promissory notes alleged to have been executed by appellee to the Ashland National Bank and paid by appellant, an accommodation indorser, in the summer of 1926. By an amended petition it was alleged that the first of the five notes had been made payable to appellee instead of the Bank but that the proceeds had been placed to appellee’s credit after appellant hat5 indorsed it, and that the fifth note had been made payable to appellant instead…