American Exchange Nat. Bank v. Steeley

Tbis suit was instituted by appellant, American Exchange National Bank of Dallas, against appellee, C. R. Steel-ey, as acceptor of three trade acceptances, each for the sum of $203, drawn by Cascade Products Company, indorsed by such company to Howard P. Maye & Co., and pledged by the latter company with appellant.

A general demurrer was sustained to appellant’s pleadings, a judgment adverse to appellant entered, and the appeal is duly perfected to this court. The petition contains all necessary allegations for a recovery of the amount of the three trade acceptances, on the theory that…