Citizens State Bank v. Beermann Bros. Dehy.

This is an action upon two promissory notes payable to Beermann “Quality” Fertilizers executed on October 2, 1967, by David Vavra. The notes were endorsed in blank and transferred before maturity to the plaintiff bank by the payee for their full value. The payee is a division of Beermann Bros. Dehy, a partnership, and will be referred to as the defendant.

The notes were not paid at maturity on January 2, 1968. On August 29, 1968, Vavra executed two' extension notes to the plaintiff which extended the time for payment of the original notes to December 20, 1968. The extension notes were executed…