Ciravolo v. Lofaso

This is a suit on two promissory notes, dated January 7, 1911, in stituted by Salvatore Ciravolo against Michele Lofaso and John Pennino. The notes are secured by mortgage. Each is for the sum of $3,000, and bears 7 per cent, per annum interest from date, one of them being payable two and the other three years after date. Both are payable to the order of the maker, and by him indorsed in blank. Lofaso is sued as maker, and as to Pennino, it does not appear that he indorsed the notes, but plaintiff alleges that he purchased them from Pennino, and that Pennino guaranteed the payment of the…