Marsol Credit Co. v. Blacker

The opinion of the court was delivered by

Smith, J.:

This was an action on eleven promissory notes by an alleged holder in due course. The trial court overruled a motion of the defendants to dismiss the petition of plaintiff. Defendants appeal from that ruling.

The petition alleged that plaintiff was a corporation organized under the laws of New York, with its principal place of business in New York City. It was organized for the purchase and sale of commercial paper. Defendants, Blacker and Cole, were partners doing business under the firm name of Blacker Milling and Grain Company. The petition…