Nikkel v. Lindhorst

Howard C. Louthan, a real estate broker, made a loan of money to Sam Nikkei, a lawyer. The principal of the loan was paid but not the accrued interest. The parties were friends and lived in the same community. Sometime thereafter Nikkei applied to Louthan for another loan of money. Louthan was riot disposed to comply partly because Nikkei had neglected to pay him the interest due on the former loan. Nikkei renewed his application and vigorously pressed it. He told Louthan that he was in financial trouble and had to have the money; that he was overdrawn at the bank, and was behind three months…