Smith v. Allen

For many years prior to May 15, 1930, the plaintiff advanced various sums of money to the defendant, A. W. Allen, who was engaged in the drug business in Portland, and promissory notes were given by Allen therefor. As interest matured on these advances, promissory notes therefor were executed by Allen to plaintiff. Some payments in cash were made thereon by Allen; but at all times mentioned herein a large part of this money remained unpaid.

Prior to May 15, 1930, various creditors of Allen assigned claims aggregating an amount in excess of $14,000 to defendant, The Adjustment Bureau of the…