Renault v. L. N. Renault & Sons, Inc.

MURPHY, District Judge.

In this diversity action a Pennsylvania plaintiff sought to recover from defendant, a New Jersey corporation, the principal of a twenty-seven year old unsealed demand note together with 162% interest thereon. The jury, being unable to agree to a general verdict, or to answers to any of four interrogatories submitted by the court, was discharged. Defendant moves for judgment under Rule 50(b), Federal Rules of Civil Procedure, 28 U.S.C.A.

Under the evidence the jury would be warranted in finding:

That in 1921 defendant borrowed for corporate purposes $13,417 at six per cent…