Perry v. Cohen

The complaint alleged that on November 2, 1931, for value received, the Standard Steel Company, by its note promised to pay to the order of the Broadway Bank and Trust Company, four months after date, $1900 with interest, and that before delivery of the note to the Trust Company, the defendant, for value received, guaranteed payment of it, waiving demand of payment and notice of nonpayment and of protest; that the note has not been paid; and that the plaintiff as the qualified successor receiver is the holder. These facts are not in dispute, but the defendant contends that the plaintiff’s…