Clardy v. American Trust & Savings Bank
Clardy v. American Trust & Savings Bank
Opinion of the Court
The American Trust & Savings Bank brought this action against Allie D. Clardy on a promissory note for $1,797.35, executed by defendant to the order of the bank.
The defenses are that she did not execute the note, but signed her name to a blank note, without date or amount, to be filled in by J. F. Primm, cashier of the plaintiff bank, in case, after investigation, she concluded to purchase certain corporate stock; that, after investigation, she decided that the stock was worthless and concluded not to buy, and so notified the bank by letter addressed to Primm; but that said Primm fraudulently filled out said note and placed it among the assets of the bank; and further that, on account of the above facts, there was a failure of consideration.
The bank replied by general denial, and that, if Primm purchased stiiek for defendant, it was purchased in good faith for defendant from one Bottorff and not from plaintiff ; that the note was given to plaintiff; and that it paid full value therefor.
The case was submitted to a jury by one special issue, as follows: Was it agreed between defendant and J. F. Primm, acting for himself or the bank, that the note described in plaintiff’s petition would not be binding upon defendant unless she notified Primm after the date of said note that she would purchase the stock? The jury answered, “No.” And upon this verdict the court entered judgment for the bank for the full amount of the note, from which this appeal.
The first assignment is that the judgment is contrary to the preponderance of the evidence.
Finding no error in the record, the cause is affirmed.
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Case-law data current through December 31, 2025. Source: CourtListener bulk data.