Belorodker Loan & Investment Co. v. Goldenberg

Mr. Presiding Justice Barry

delivered the opinion of the court.

On August 4, 1926, Gfus Tzinberg borrowed $3,000 from appellant and the note was signed by appellee and others as sureties. It was to be paid in weekly payments of $60. On February 21, 1927,- there was still due on the note the sum of $2,040. At that time Gus Tzinberg had filed, or was about to file, a petition in voluntary bankruptcy. Appellee and two other sureties executed and delivered to appellant a new note for $2,040 payable in weekly instalments of $20. Appellant issued its check for that amount payable to the makers of the…