Tomihiro v. United Hotel Corp.

This is an action upon a promissory note dated January 9, 1925, in the sum of $6,000, payable in monthly instalments of not less than $500 each, commencing on September 9, 1925, together with interest thereon at 8 per cent per annum. The note was executed by the United Hotel Corporation in favor of Frank Hochfeld who, on August 21, 1930, sold and assigned the same to the plaintiff. It is alleged in the complaint that at the time of the execution and delivery of the note and as a consideration for a loan made by Hochfeld to the defendant United Hotel Corporation, the defendants J. Davis, J. J.…