Intercontinental Credit Corp. v. Pollak

This action was tried before me without a jury. Findings of facts and conclusions of law were waived.

This is an action to recover on two demand loans in the total amount of $32,000 plus interest and incidental charges. Plaintiff alleges an oral agreement, supplemented by two collateral notes and collateral security of warehouse receipts. Defendant sets up a qualified denial of the complaint, but admits the making of the notes and refers to these instruments for the terms and conditions. In short, the defendant denies any oral agreement; claims the notes are the complete agreements and that…