Curators of Central College v. Bird
Supreme Court of Arkansas
Appeal from Clay Circuit Court, Western District; R. II. Dudley, Judge; This is a Missouri contract, and the laws of that State govern.
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Appeal from Clay Circuit Court, Western District; R. II. Dudley, Judge; This is a Missouri contract, and the laws of that State govern. Plaintiff signed the note, and appellants were plaintiffs below and appellants here, and appellee is bound, as appellants are the legal holders of the note and entitled to sue. 106 Ind. 523; 47 Id. 1; 20 Yt. 509 ; 8 C. J. 1003, § 1309;; 96 Ark 416; Rev. Stat. of Mo. of 1899, § 894. Where several promise to contribute to a common object desired by all, the promise of each is good consideration for the promise of the others. 6 N. H. 164; 46 Ill. 377; 5 Pick…
1Opinion of the CourtHumphreys, J.
This suit was commenced by “Curators of Central College” against appellee, on September 6, 1920, before L. L. Shemwell, a justice of the peace of Carpenter Township in Clay County, Arkansas, by filing with the justice the following instrument:
“$25.00. Doniphan, Mo., April 19, 1915.
“For the endowment of Central College, Fayette, Mo., in consideration of subscriptions by others to the same fund, I hereby promise to pay to the Curators of Central College the'sum of twenty-five ($25.00) dollars, in five equal installments, beginning September 1, 1915.
“L. E. Bird.”
“Curators of Central College”…
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