Kahn v. Sohmer

In two actions which were consolidated and tried together: Action No. 1 was brought by copartners Kahn and Schatz against three copartners named Sohmer, to cancel a promissory note, a mortgage on a lease, an assignment of the lease, an extension agreement and an additional agreement for payment of a sum of money (the leasehold mortgage and assignment having been given as security for the note); and Action No. 2 was brought by the Sohmers against Kahn and Schatz, against a corporation (The Tides of Long Beach, Inc.) which had been formed by them, and against others, to foreclose the mortgage.…