Cresco Union Sav. Bk. v. Terry Terry

L. Terry and Morris Terry, under the firm name of Terry & Terry, conducted a general mercantile business. at .Cresco, Iowa. L. Terry was a resident of Waukon, and later of Wisconsin. Tbe business was in charge of Morris Terry. Aside from their partnership, . Morris Terry' was indebted to L. Terry in the sum of $10,000. L. Terry purchased some property in Wisconsin, and advised Morris that he wanted him to pay part of the obligation which he (Morris) owed him. Morris Terry applied to appellee bank, to borrow $1,500, which loan was granted, and he made a note to the bank for that amount on…