First Federal Savings & Loan Ass'n v. Monarski

This is an action in contract to recover on a note. The answer is general denial and payment.

At the trial there was evidence to show the following:

On June 3, 1955 Russell H. McDermott, James C. Harrington, Francis K. Monarski, Paul P. Kirkonian, and Raymond Ennis, as trustees of the Beaver Brook Recreational Trust, executed a mortgage to plaintiff in the amount of $25,000. On the same day the above named, as trustees aforesaid, also as individuals, together with Charles M. Yarid and four- others as individuals signed a note payable to plaintiff in the sum of $25,000 at 6% interest. On the…