Sledge-Norfleet Co. v. Matkins

Appellee Matkins, plaintiff below, brought this suit in equity, and for his cause of action alleged that a default judgment upon an open account was taken against him on immature service, and thereafter this judgment was set aside on motion of the plaintiffs in that case. That action was taken pursuant to an agreement between the parties whereby it was agreed that the cause of action upon which the judgment had been obtained would be disposed of in the following manner: Matkins was to execute and deliver to his creditor “a certain mortgage and note, said note being due November 15, 1921,…