Superior Syndicate v. Willis

Plaintiff alleges that it leased a certain oil refinery from the Paramount Petroleum Company; that it put certain improvements and additions therein; that defendants had a mortgage thereon un*446der which they foreclosed and bought in the property; that, in order not to embarrass the defendants in their foreclosure, plaintiff agreed not-to intervene in the proceedings, and defendants agreed that, “without becoming personally liable for the amount of the claims, they [defendants] would step into the shoes of the Paramount Petroleum Company in so far as it [plaintiff] was concerned, reserving the…