Luce Co. v. Hoefler

McKUSICK, Chief Justice.

Herbert and Elizabeth Hoefler, makers of the two promissory notes 2 here sued upon, appeal from a judgment of the Superior Court (Franklin County) awarding plaintiff The Luce Company (“the Luces”) a total of $72,971.47 plus post-judgment interest and costs. On the record of this case, we cannot overturn the Superior Court’s decision.

At trial, the Hoeflers’ only defense to the Luces’ suit upon the notes was based on a subordination agreement entered into in December, 1979, by the Luces, Maine National Bank, the Small Business Administration, and Oliver Oil Company, a…