Faris v. Beck

Faris, defendant below, brings error upon a judgment against him on a verdict directed at the close of the evidence, in an action on a promissory note. He moves for a supersedeas.

Four defenses are pleaded: (1) That the note was a renewal of one given as purchase price of stock which was worthless and was never delivered and so consideration failed. (2) That both notes were delivered upon the express condition that defendant would not be required to *482pay them except out of dividends of the stock so purchased. (3) That the notes were delivered for the sole purpose of securing for the company the…