Morris v. Durbin

Jordan, Presiding Judge.

The defendant in the lower court, Morris, appeals from a judgment for the unpaid principal and in terest due on a promissory note payable to the plaintiff, Durbin.

Morris executed the undated note for $10,000, due on September 1, 1969, as payment for 100,000 shares of the United Standard Corporation. He and Durbin signed an instrument dated July 7, 1969, referring to a note in this amount and a stock certificate for 100,000 shares of stock "held in escrow” and providing further that "Linn F. Durbin agrees at such time as this stock has been released by the escrow agent,…