Ferris v. Ludlow

Suit upon a promissory note, which reads— “ Nine months after date, due Ezra Ferris, or order, one hundred dollars, for value received, this 11th day of May, 1846. Stephen Ludlow.”

The defendant answered, that simultaneously with the note, was executed this instrument: “This is to certify, that I have this day sold to Mr. Stephen Ludlow forty shares of stock in the Lawrenceburgh Bridge Company, at five dollars per share; but if the company should reduce the amount of the old stock, then I hereby bind myself to account to the said Ludlow for the amount so reduced. Witness my hand, this 11th day…