Farmers State Bank v. Butler

This action was brought in the district court for Butler county upon a promissory note executed by these defendants, in which the Morden Land & Loan Company of Minneapolis was named as payee. The plaintiff in the petition set out the promissory note, and alleged that the payee named therein indorsed, transferred and delivered the note to the Drake &. Ballard Investment Company, and that that company thereafter indorsed and delivered the note to the plaintiff. The petition then alleged; “That the plaintiff so purchased said note, before maturity, in the usual course of trade, for a valuable…