Central States Life Insurance v. Bloom

This is an action for the balance due on a note, computed to be $22,630.45 at date of trial. There was a verdict and judgment for defendants. Plaintiff has appealed and contends that defendants' evidence failed to prove any defense to the note.

In 1928, defendants executed a note for $25,000, secured by a first trust deed on real estate, due August 1, 1931. When the note came due defendants could not pay it. Defendant Nathan Bloom testified to facts, out of which defendants seek to make out an estoppel, as follows:

"I offered him (plaintiff's agent) title to the building . . . and they told me…