Palumbo v. DiMare

This is an action of contract on a promissory note, brought by Salvatore Palumbo, the payee and holder thereof. By the third count of the declaration the plaintiff seeks to recover from Anthony DiMare — herein referred to as the defendant — as indorser, a balance of $1,600 remaining due on the note. The note was for $3,000, was dated August 26, 1931, and was payable to Salvatore Palumbo or order in instalments on February 26, 1932, May 26, 1932,. and August 26, 1932, with a provision that “Failure to pay any installment of principal and interest when due, shall render the entire unpaid…