Verdi v. Jefferson Trust Co.

The complainant and John F. Via Cava are joint makers of a note for $8,500, dated February 2d 1933, payable to the defendant trust company. The complainant alleges an oral agreement with the trust company, by which he was to be chargeable with only one-half of the face of the note. The trust company is under the supervision of the commissioner of banking and insurance of the State of New Jersey, and is in liquidation under the provisions of the Altman act. It instituted an action in the New Jersey supreme court against the complainant and Via Cava, to recover the face amount of the note —…