Crompton & Knowles Loom Works v. Brown

The action was brought upon a promissory note made and delivered' by the defendant to the plaintiff.

The answer denied that plaintiff was the holder of said note for value, but affirmatively alleged that the defendant received no consideration for the note in suit; that the same was given pursuant to an agreement between plaintiff and defendant to release a corporation known as The Eagle & Phoenix Silk Company from a -claim of the plaintiff against said corporation, and that such ■release was refused, although requested.

Upon the trial the plaintiff introduced the promissory note and protest,…