Ann Arbor Construction Co. v. Glime

Plaintiff supplied defendant Glime Construction Company during the year 1958 with concrete and supplies on an open account. Numerous payments were made on this account until March, 1959, when the plaintiff requested defendant corporation to execute its promissory note in favor of plaintiff in the amount of $39,381.33. Such a note was executed and indorsed by defendants Eugene Glime and Leroy S. Glime. Between the date of the execution of the note and August 31, 1959, payments were made on the note.

On August 31, 1959, a new note in the amount of $31,375.21 was executed and indorsed by the same…