Seeley v. San José Independent Mill & Lumber Co.

McKee, J.:

This was an action to recover judgment for a balance alleged to be due upon two promissory notes executed by the defendant corporation and delivered to the plaintiff, who was at the time of the execution and delivery of the notes, a Director of the company. The notes were given to secure payment to the plaintiff of twenty-five hundred dollars which he had paid for the defendant in satisfaction of three promissory notes, which were held by one Meacham against the defendant, and on which Meacham threatened to sue. To save the defendant from a lawsuit thereon, the plaintiff, at the…