Ford v. Hahn

This action is on a promissory note. Defendant by answer and in his affidavit, though admitting the execution and delivery of the note, disclaims liability on the ground that he had been induced to make and deliver the instrument under a parol agreement “ that said note was to be paid out of the first money which would accrue to defendant as his share of the profits under his agreement with Luria Steel & Trading Corp.” and “ that said note would be paid, if at all, solely and *437only out of the first moneys which would become due to defendant under his agreement with said Luria Steel & Trading…