Buckman v. Hill Military Academy

Plaintiff was decreed a judgment in the amount of $4530.00 in the lower court against defendant based on a promissory note and an extension agreement between the parties. The note was dated October 8, 1929, and was in the principal sum of $14,000.00, payable five years after date and bearing six per cent interest per annum. On June 10, 1935, the parties entered into an agreement which was set out verbatim in the former appeal in this case found in 182 Or. 621, 189 P. (2d) 575. By the terms of that agreement, defendant paid to plaintiff $420.00 cash and agreed to make a further payment of…