Christian Feigenspan v. Phillips
Christian Feigenspan v. Phillips
Opinion of the Court
This action was brought to recover the amount alleged to-be due upon a promissory note for $967.15, dated September 7th, 1920, and drawn by the defendant to the order of the plaintiff. The note was payable one day after date, and was. made under the foSowing circumstances: In May, 1916, the defendant and one Marvin W. Anderson formed a partnership for the purpose of carrying on a hotel business in the town of Dover. In order to finance the undertaking, the plaintiff, Feigenspan, loaned these partners $4,017, and received a note from them for that amount, secured by a chattel mortgage upon the fixtures of the hotel. 'Payments were made upon the indebtedness from time to time until the giving of the note in suit. At that time the partnership between Anderson and Phillips was dissolved, the latter took over the business, the original note was surrendered, and the chattel mortgage canceled. The indebtedness had by that time been reduced to $967.15, and Phillips gave to Feigen
So, too, the claim that the property covered by the chattel mortgage did not bring its fair value at the public sale thereof is equally without support. These chattels were second hand, many of them old and in a dilapidated condition, as the defendant himself stated on the witness-stand. Moreover, there was no proof at all offered by the defendant to show what the market value of these chattels was at the time of the
In this situation, the verdict of the jury, as we have before stated, was entirely without justification, and the rule to show cause must, therefore, be made absolute.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.