Weinfurter v. Cresap

The Phil P. Cresap Company, Limited, executed a promissory note for *684$1,500 in favor of the Interstate Trust & Banking Company of New Orleans. Plaintiff was an indorser on this note, and as such was forced to pay, soon after the note matured, a balance of $1,325 due thereon. Plaintiff then sued the Phil P. Cresap Company, Limited, for the amount he had to pay, and obtained judgment against the company accordingly, with 8 per cent, per annum interest from May 29, 1916. The principal of this judgment was later reduced to $1,274.65.

In May, 1918, plaintiff instituted the present suit against E. O.…