Long & Foster v. Walker

By JUDGE THOMAS S. KENNY

In this case, the plaintiff, a real estate brokerage firm, sued defendant on a certain promissory note. Defendant was a real estate agent with the plaintiff, and the note represented the difference between the amount of draws taken by Mr. Walker and the amount of commissions earned by him against those draws. Trial testimony indicated that each month in which a draw was taken in excess of commissions, defendant would execute a new note for an amount equal to the previous month's note plus any new draw. The notes, in other words, were cumulative, with each note…