MATHEWS, Circuit Judge.
On and prior to May 19, 1947, George L. Gibbons and Morris Plan Bank of California were creditors of Al Herd. On May 19, 1947, Herd executed and delivered to Joseph G. White a promissory note for $30,000 payable to White's order on December 19, 1947, and bearing interest at the rate of 6% per annum, and White executed and delivered to Gibbons a promissory note for $5,000 payable to Gibbons' order on June 19, 1947, and bearing interest at the...
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