Supreme Court of Arkansas March 13, 1944, 4-7277 (Warren v. Merchants & Planters Bank & Trust Co.)

Griffin Smith, Chief Justice.

Keener-Hall Motor Company sold a Stuclebaker automobile to A. L. Helms. The purchaser’s note was indorsed by Rudy Hall

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and sold to Merchants & Planters Bank & Trust Company. Helms had placed his taxicab business with O. R. Beavers, and Beavers assumed payment of the note.

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He defaulted. Helms negotiated with W. P.