James Valley Bank v. Goldsmith

Action by James Valley Bank and Fred R. Smith, state superintendent of banks, as plaintiffs, on three promissory notes executed by defendants to James Valley Bank. Judgment for plaintiffs; defendants appeal. The execution of the notes and their nonpayment is admitted. The defenses are failure of consideration and that plaintiffs at the time of the commencement of the action did not own the notes. At the trial defendant objected to the introduction of any evidence on the ground that the complaint did not state a cause of action for the reason that there are two plaintiffs and the complaint…