First State Bank v. National Bank of Commerce

JACKSON, Justice.

The First State Bank & Trust Company of Hereford, Tex., which we shall designate as the Hereford Bank, and the National Bank of Commerce of Amarillo, Tex., which we shall call the Amarillo Bank, in December, 1920, had an agreement by which the Hereford Bank could indorse certain notes owned, payable to, and held by it, and send them to the Amarillo Bank which would, if they were acceptable, discount such notes and advance to the Hereford Bank an agreed part of the face thereof.

About December 20, 1920, O. M. Shore executed his note for $4,103.40, payable to the Hereford Bank…