Northern Trust Co. v. Philadelphia Wholesale Drug Co.

Opinion by

Mr. Justice Linn,

This appeal is from judgment for want of a sufficient affidavit of defense in an action of assumpsit brought by the plaintiff on. a form of agreement in common use providing for the extension of the maturity of a bond secured by a mortgage. The agreement was made by the holder of the mortgage and the Philadelphia Wholesale Drug Company, the then owner of the land subject to it. The parties agreed that the maturity date should be extended to March 18, 1923, in consideration of which the defendant agreed 1 to pay the debt.

The statement of claim averred demand and…