Ames v. MacPhail

Suit on promissory notes brought by the administratrix of the estate of Jay Ames, deceased.

September 2, 1919, Clark M. Pomeroy, now deceased, and Fred MacPhail, defendant and appellant herein, purchased a mercantile business from Jay Ames, giving him therefor a promissory note for $11,400 and a chattel mortgage, as copartners, to secure the payment of the same. Prior to November 1, 1921, the amount of the debt was reduced to $10,000, for which Pomeroy and MacPhail gave ten $1,000 notes. One of these notes was paid. Indorsements of interest payments on the other notes for the years 1922 to…