C. I. T. Corp. v. Joffe

The plaintiff, as assignee of the Studebaker Corporation of America, sues the defendant to recover a balance of $589.81, alleged to be due on a promissory note made by the defendant on the 5th day of May, 1934, in the original sum of $1,013.76. The facts are not in dispute. The note was given in connection with the purchase of a Studebaker St. Regis sedan automobile by the defendant, who simultaneously executed a conditional sales contract, which was assigned to the plaintiff at the same time when the promissory note was negotiated to it. As a matter of law, the plaintiff took the promissory…