Kellam

Kellam v. Brode

Good Law
1 Cal. App. 315·1905 Cal. App. LEXIS 44·82 P. 213
Court of Appeal of CaliforniaJuly 17, 1905No. 18.California1,385 words

Opinion

Lead Opinion

Allen, J.

Defendants appeal from a judgment and order denying a new trial.

The complaint was filed March 19, 1902, declaring upon a promissory note, payable to plaintiff and signed by defendants, dated June 15, 1899, due in one year, for twelve hundred dollars, with interest at seven per cent per annum payable semi-annually. Upon the note appeared the following indorsements:—

In an amended complaint it is alleged that the last indorsement was entered through mistake, which defendants knew or suspected at the time; that the payment of interest was only up to December 15, 1901, and not later, and a reformation of the indorsement to that effect was asked. The answer denies any mistake, and alleges that on March 19, 1900, in consideration of the payment of two hundred dollars, and the sum of one hundred and forty dollars advanced as interest, plaintiff agreed to extend the time of payment two years from and after March 19, 1900. By way of further answer, the defendants allege that the note sued on was given in consideration of a debt of the Electric Supply and Fixture Company, a corporation, of which plaintiff had notice; that on the 19th of March, 1900, the plaintiff, for a valuable…

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