Nicholson v. Smith

In this case, on November 30, 1944, one M. G. Lind, owner of property called Ocean Fish Market, leased same to Roy Watson for five years. On May 25, 1946, Watson sold the lease to M. C. Smith. The latter paid for the assignment of the lease, partly in cash and partly by his note for $1,700, the due date of the note being January 1, 1947. On February 20,1948, the note being unpaid, Watson assigned same to Mercer Nicholson who filed this action on said note on March 1, 1948. While Mrs. Smith was made a defendant in the action, as to her it was dismissed during trial.

Shortly after the execution…