Oliver Typewriter Co. v. Fielder

A corporation in Atlanta, desiring to obtain the exclusive agency for the sale of a certain typewriter, known as the Oliver tj’pewriter, in certain territory, entered into a contract with the Oliver Typewriter Company. Under the contract there was no obligation to extend credit, but it was provided that should the typewriter company extend credit to the other contracting party, the debt should be represented by promissory notes bearing 3 per cent, interest. Subsequently, to induce an extension of credit to the corporation referred to, J. W. Fielder and Ivan E. Allen executed a separate…