C. I. T. Corp. v. Breckenridge

This is an appeal from a judgment for the balance of $1,117.77, besides interest, attorney’s fees and costs, unpaid on a promissory note for $2,874.47, signed by defendants, dated November 25, 1939, payable in instalments to E. 0. Sears and by Mm endorsed without recourse and delivered to plaintiff in consideration of the payment to Mm of $2,500.

Defendants were the owners of a cafe in Eureka, Califorma. They employed Sears as contractor to remodel the building and applied to plaintiff for a loan to help finance the improvements. The application was approved and the loan was made in the manner…