Morley-Murphy Co. v. Van Vreede

For many years prior to March 28, 1932, John Van Vreede, a brother of the defendants, was engaged in business as a retail hardware merchant. On that date he was indebted to the plaintiff in the sum of $2,198.35 for goods theretofore sold and delivered to- him by the plaintiff and for certain accrued interest. Some of his indebtedness was evidenced by promissory notes and some by open account. For some time prior to March 28th, the plaintiff felt considerable concern regarding Van Vreede’s indebtedness and sought to have it secured in some way. John Van Vreede, however, was unable to secure…