Morris v. O'Neill

This suit was brought to recover on a promissory note for $2,500, dated July 20, 1921, and payable on or before one year from date with interest at 7 per cent, per annum. On the back of the note appeared the following:

“It is agreed by both parties that this note can be renewed in part at the maturity of the note.”

The defendant claims that before the note came due the plaintiff had become indebted to him in the sum of $840, for a commission on the sale of real estate; that when it became due on July 20, 1922, he asked the plaintiff to credit him with the $840, and to renew the note for the…