Fellom v. Adams

The defendant Adams has appealed from a judgment which awarded the plaintiffs principal, accrued interest and attorney’s fees in an action on a promissory note. He contends, for the first time on appeal, that since the record reveals that the consideration for the note was. services rendered in a real estate transaction the plaintiffs cannot recover beca,use of a failure to allege and prove that they were duly licensed as a salesman and. broker, respectively. (See Bus. & Prof. Code, § 10136.) He further asserts that there was a lack of consideration for -the note because it was given for an…