Schubert v. State Banking & Trust Co.

Citations

• 33 Ohio C.C. Dec. 390
• 21 Ohio C.C. (n.s.) 461
• 1907 Ohio Misc. LEXIS 497

Syllabus

<p>BILLS AND NOTES — COUNTERCLAIM AND SET-OFF</p> <p>Existence of Counter Claiml no Defense to Action on Cognovit Note.</p> <p>That the payee of a cognovit note has released the endorsers of another note held as collateral, hy negligently failing to protest it for nonpayment, is no defense in an action on the cognovit note.</p>