Sorenson v. Bowen

Plaintiff sued to foreclose a chattel mortgage securing a promissory note in the principal sum of $2,038.31 executed by defendant to plaintiff as payee.

Defendant, by answer, admitted execution of the note and mortgage, and that plaintiff was the lawful holder thereof and that no part of it had been paid. Affirmatively defendant pled:

“2. That said note and chattel mortgage were made and delivered by the defendant to the plaintiff in settlement of an accounting between plaintiff and defendant growing out of logging operations conducted by defendant for plaintiff, and based upon a computation…