Court of Appeals of Kentucky October 31, 1878 (Henderson National Bank v. Lagow)

Opinion by

Judge Cofer:

Although the bank gave no new consideration for the assignment of the notes, Stapp had a right to give, and the bank to accept, additional security for the pre-existing debt for which Stapp Was bound; and Stapp’s desire to further secure the debt was a sufficient consideration to uphold the executed contract of assignment, and to vest the title to and beneficial interest