Bennett v. Tremont Securities Co.
Massachusetts Supreme Judicial Court
Bill in equity, begun as an action of contract by a writ dated November 13, 1913, and by amendment changed to a suit in equity on April 24, 1914. The bill alleged that the defendant company was engaged in the business of making small loans under the -provisions of St. 1911, c. 727, as amended by St. 1912, c. 675; that certain notes given to it by its customers were sold to the plaintiff’s intestate after indorsement by the company and its treasurer Gale, as stated in the…
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Bill in equity, begun as an action of contract by a writ dated November 13, 1913, and by amendment changed to a suit in equity on April 24, 1914. The bill alleged that the defendant company was engaged in the business of making small loans under the -provisions of St. 1911, c. 727, as amended by St. 1912, c. 675; that certain notes given to it by its customers were sold to the plaintiff’s intestate after indorsement by the company and its treasurer Gale, as stated in the opinion; that some of these notes were paid and some were renewed by the giving of other notes before St. 1912, c. 675 went…
1Opinion of the CourtCrosby, J.
No question of jurisdiction having been raised by demurrer or otherwise, we proceed to consider the case upon the merits.
The plaintiff seeks to recover the amounts of three promissory notes executed and delivered to her intestate by the defendants, the defendant company being the maker of the notes and the defendant Gale being the payee who indorsed them to the intestate.
In February, 1912, and for a considerable period before that time, *220the defendant company was engaged in the business of making loans of $300 or less, and was licensed to carry on that business as required by St. 1911, c. 727.…
2Cases cited1 opinion
- Walker v. MayoMassachusetts Supreme Judicial Court · 1886
3Cited by4 opinions
- Stebbins v. North Adams Trust Co.Massachusetts Supreme Judicial Court · 1922
- Commerce Bank & Trust Co. v. HayeckMassachusetts Appeals Court · 1999
- Thomas v. BurnceMassachusetts Supreme Judicial Court · 1916
- Donnelly v. GarvanSupreme Court of Connecticut · 1930