Island Factors Co. v. Cleaners

This is an action by a holder of a series of promissory notes against five defendants who appear in various capacities on the notes.

The defendant Lance Cleaners, Inc., the maker of the notes, has defaulted and judgment is granted against it for the full amount.

The action has been discontinued as against defendants Marvin Blau and Ethel Blau and is proceeding against Bernard Novick and Saul Ender who were payees and indorsers of the notes.

While relief asked for in the complaint is $8,333.20 it was conceded upon the trial that the maximum recovery can only be based on notes numbered 5 to 10…