California Credit & Collection Corp. v. Brandlin

This action is prosecuted for the recovery of the amount of three promissory notes given by the defendant to the Yirden Packing Company and by it assigned after maturity to the plaintiff. The defendant purchased five shares of the capital stock of the packing company for $500, paying $125 in cash and giving the three promissory notes upon which the suit is based for the remainder of the purchase price. The complaint is in the usual form and the answer admits the execution and delivery of the promissory notes, but alleges that the defendant was induced to make the purchase of the stock and…