Fleming v. August

Plaintiff, the assignee of Lincoln Realty, Inc., commenced action on a promissory note, the essential portion of which was:

“$436.27 March 21, 1952

“On June 7, 1952 , without grace we promise to pay to the order of Lincoln Realty, Inc. At Spokane, Washington ......Four Hundred Thirty Six and 27/100 ---- Dollars in lawful money of the United States of America, of the present standard value, with interest thereon, at the rate of........per cent, per............from.......... until paid, for value received, ...”

Defendants by answer admitted the execution of the note, but, by way of affirmative…