Joy v. Pagel

Plaintiff William M. Joy, as assignee of Universal Securities Trust, brought suit against defendants. The cause was tried before the court and without a jury. Plaintiff was given judgment in the sum of $14,704.93. Defendants appeal.

The facts in this cause are very much in dispute, but there is competent evidence to sustain the following facts. In December, 1934, and January, 1935, Universal Securities Trust advanced $12,650 under four agreements. The following is a copy of one of them:

“American Tire Guard Company “5919 Commonwealth Avenue,

“Detroit, Michigan, U. S. A.

“December 11, 1934.

“Univers…