Bank of Franklin v. Trotter

We will first consider the appeal of the defendant John S. Trotter, which presents two- questions, to wit:

1. Did the plaintiff bank, under the order of the Commissioner of Banks, have authority to institute and maintain this action?

2. Was there a valid agreement between the plaintiff bank and the defendant John S. Trotter that the bank would forbear instituting suit against defendant Trotter until 1 October, 1933, if the said defendant would pay the said bank on his indebtedness to it the sum of $150.00 per month until said date?

The answer to the first question is found in the order of the…