Glennan v. Lincoln Inv. Corp.

In October, 1928, appellant Glennan borrowed of Lincoln Investment Corporation $1,200, for which he gave his promissory note for $1,500 payable October 17, 1931. On January 11, 1932, the note was renewed for the principal sum of $1,350, payable November 27, 1932. Appellee was incorporated under the laws of the State of Maryland, but on January 28, 1932, its charter was forfeited by proclamation of the Governor of the State for default in payment of taxes. Without knowledge of this, appellant made payments on the note in February and April following. In September, a parcel of land in the…