J. B. Colt Company v. Moran

Opinion op the Court by

Commissioner Hobson—.

Eeversing.

W. E. Moran signed and delivered to the J. B. Colt Company an order for a lighting plant. The order was accepted. The plant was shipped and installed, and he executed a note for the purchase money due in one year. At the end of the year he executed a renewal note, due in 60 days. This note contained these words:.

4 4 It is further agreed that this note shall be paid without claim of offset or deduction of any nature or for any cause whatever.”

He did not pay the note, and this action was brought by the company upon 'it. By his answer the…