Heidelback, Freidlander & Co. v. Cole
Opinion of the Court
— This was an action brought to recover abalance on two promissory notes, one for $250 and the other for $325.35.
There was a fourth note for $250, which was made to plaintiffs by Lewis & Co., but no mention was made of it by Lewis & Co. to defendants nor was it included in the fixed amount of the indebtedness of Lewis & Co. which defendants'agreed to assume. It was in excess of the fixed amount of their assumption under the agreement. It is conceded that the amount which defendants paid plaintiff was equal to the amount of the three notes, principal and interest. It seems that through the mistake of the collecting bank that $100 which defendants paid on the $325.35 note was entered as a credit on the $250 note which defendants had not assumed to pay. There is nothing in the subsequent correspondence between plaintiffs and defendants which shows any liability of the defendants to plaintiff' on the note they did not-primarily assume to pay to plaintiffs. The defendants did not assume the payment of all the indebtedness of Lewis & Co., but only a specific sum to certain designated creditors which it appears they have paid.
The judgment must be affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.