Title Guarantee & Trust Co. v. Pam

This is an action on two promissory notes made by the defendant to the Thompson Starrett Company on November 1, 1912, payable in one year, respectively, for the principal sum of $96,733.52 and $3,094.63, bearing interest at the rate of 6 per cent., both of which were discounted with the plaintiff on December 7, 1912. -At the date of discount plaintiff credited the account of Thompson Starrett Company with the amount of said notes less discount. The larger of the two notes was given in renewal of certain other notes made by the defendant to the Thompson Starrett Company and with the exception…