Affiliated Distillers Brands Corp. v. R. W. L. Wine & Liquor Co.

On August 18, 1955, the appellant, Affiliated Distillers Brands Corp. (hereinafter called “Affiliated”) brought suit against the appellee, R. W. L. Wine and Liquor Co., Inc., (hereinafter called “RWL”) under summary judgment procedure, to recover the sum of $423,255.97, claiming this to be the principal balance then due on a $600,000 demand promissory note, together with interest on this unpaid balance. Subsequent to the institution of suit, Affiliated granted RWL credits in the aggregate amount of $53,257.63, leaving a balance due in the amount of $369,998.34. Thereafter, RWL made three…