C. I. T. Corp. v. Petitto

Hatcher, President:

The holder of a note proceeding by notice of motion for judgment against the makers and the payee-assignor, a partnership, recovered a judgment against the partners for balance due on the note.

The note was negotiable on its face, was payable in monthly installments and represented the unpaid balance on a truck, sold under a conditional sales contract by the payee to the makers. The note and the contract were written on a single sheet of paper. Each instrument was signed severally, and they were separated by a line of perforations, which has since been severed. The note did…