Morton v. Siebler Clothing Co.

Philip Morton brought suit against the Siebler Clothing Co. to recover upon certain advertising contracts extending over a period of years. The Clothing Co. became financially embarrassed and attempted to rescind their contract and to pay only for the advertising already done. There was a dispute between the parties as to the correct amount" for this service and finally the attorneys for the Clothing Co. sent $2j600 in money and notes to Morton, enclosing a letter in which they stated this was in satisfaction of all claims against the Clothing Co.

The money was put in the bank and the notes…