Gordon v. Chagrin

This action is to recover from the indorser the balance unpaid on the note. It appears that about three years after the date of the note, the corporation, acting through defendant, filed a petition for arrangement under chapter XI of the Federal Bankruptcy Act; that thereafter plaintiff filed a written consent to accept an amended arrangement; and that plaintiff received and accepted the installment payments in consummation of such arrangement. Under the abbreviated pleadings permitted by the Nassau County District Court Act, it was not necessary to plead formally the facts constituting…