Chase v. Gregory

Defendants, Arnold and Margaret Gregory, gave their promissory note for $500 to defendants, Clark and Amelia Gregory, payable 12 months after date. Before maturity the payees for valuable consideration negotiated the note to plaintiff, Samuel Chase, who resides in the State of New York. Arnold Gregory is the son of Clark Gregory. As the result of some business transactions between these two men prior to the maturity of the note, Arnold paid his father the face of the note, but not the accrued interest. The makers of the note claim, and the undisputed testimony tends to show, that payment of…