Bryan v. Banks

CAMPBELL, J., pro tem.

This is an action on a promissory note of defendants Carrere and Hawley in the sum of $14,400, payable in installments, with attorneys’ fees in case of suit, payment thereof being assumed by appellant Carrere & Hawley, Inc., a corporation, and payment of one-half thereof being assumed by appellant Banks; the stock of Carrere & Hawley, Inc., with the exception of one share, issued for the purpose of incorporating, was owned wholly by Carrere and Hawley. On this note $2,400 had been paid, leaving $12,000 unpaid, but only $4,800 thereof was due at the time of the filing of…