Paulson v. Boyd
Wisconsin Supreme Court
Appsal from a judgment of the circuit court for Ash-land county: John K. Parish, Circuit Judge. This is an action upon a promissory note by the receivers of the Security Savings Bank, incorporated, against the mater of the note and the former owner of the note as in-dorser. L. T. Boyd is the maker of the note and J. S. Ellis is the payee and indorser.
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Appsal from a judgment of the circuit court for Ash-land county: John K. Parish, Circuit Judge. This is an action upon a promissory note by the receivers of the Security Savings Bank, incorporated, against the mater of the note and the former owner of the note as in-dorser. L. T. Boyd is the maker of the note and J. S. Ellis is the payee and indorser. It appears from the evidence of Boyd and Ellis that the note was given to Ellis by Boyd as a part of a transaction concerning the sale of some mining-stock. Boyd was to give his note to Ellis for $2,500, the purchase price of the stock. The…
1Opinion of the CourtSiebeckeR, J.
At the trial the defendant Boyd relied upon an agreement between him and Ellis, the payee in the note given by the defendant. The transaction between the defendant and Ellis for the purchase of mining stock is admitted by Ellis to have constituted the agreement for which the notes were given. The primary question is: What was the parol agreement between these parties? The evidence of it is not voluminous or contradictory, and is, in effect, that Ellis undertook to assist Boyd in securing the advantages of an interest in a mine, if it should prove a profitable enterprise at the expiration of…
2Cases cited7 opinions
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