J. B. Ehrsam Machine Co. v. Phenix Insurance

Ryan, C.

On the 11th day of April, 1889, the J. B. Ehrsam Machine Company agreed to sell to the Eagle Milling Company, of Franklin county, Nebraska, certain machinery for use in its grist mill. Payments were to be made as follows: $150 in cash, of which the receipt was acknowledged; $200 on receipt of machinery; $218.58 three months from shipment; $218.58 six months from shipment; $218.59 nine months from shipment. For the deferred payments promissory notes were given by the Eagle Milling Company, in each of which was this provision immediately following a description of the property: “And…