International Motor Rebuilding Co. v. United Motor Exchange, Inc.

The opinion of the court was delivered by

Hatcher, C.:

This appeal stems from a controversy over a compromised settlement of accounts and suit on a note given as consideration therefor.

Plaintiff was in the business of purchasing and rebuilding old automobile motors for resale. The defendants were in the business of overhauling automobiles and replacing worn motors with rebuilt ones. The defendants sold worn motors to plaintiff and purchased rebuilt motors. During the period from July, 1958, to November 7, 1960, the transactions amounted to many thousands of dollars.

On May 3, 1961, some six…