Modern Industrial Bank v. Zaentz

On or about August 11, 1940, the defendant Zaentz applied for and secured a loan from the plaintiff in the sum of $200, to be repaid in weekly payments, for a so-called investment certificate. The loan was evidenced by a note executed by the defendants Resniok and Leiter, as well as by Zaentz, and was secured by the investment certificate executed by Zaentz only. Under the terms of the note, “ 12 months after date the undersigned

Borrower Bernard Zaentz L.S.

Co-Maker Cy Resnick L.S. .

Co-Maker Hyman Leiter L.S.

for value received, jointly and severally promise to pay to the order of Modern…