Majority
Headnote
1. Setting Aside Verdict without Notice—Objection Waived.The action is brought on a promissory note made by the defendant, dated April 16, 1900, by which the defendant, for value received, promised to pay the plaintiff, on demand, the sum of $650. The plaintiff is a corporation engaged in the manufacture and sale of beer, and the money secured by the note was advanced by it to pay the license fee for a liquor tax certificate to enable the defendant to carry on business for the period of one year from May 1, 1900. The evidence clearly establishes that the arrangement made at the time the money was advanced and the note given was that the defendant should buy beer from the plaintiff during the year, and that he should pay one-half of the note, or $325, in sums of $13 each every two weeks. The remaining one-half of the amount secured by the note was to be remitted by the plaintiff, in consideration of the sale to defendant of the beer which the latter might require in the conduct of his business. On the trial the defendant claimed that there was no agreement for a year, but that he was to be permitted to discharge the note by the payment of $13 every two weeks, either for the year or until he sold out the business, and that, if he saw fit to sell out his business at any time during the year, he could cancel the note by them surrendering the license for the plaintiff’s benefit. He did sell out the business on July 29, 1900, having then paid the plaintiff the sum of $65 in installments of $13 every two weeks up to that time; and the plaintiff received in addition from the state authorities the unearned license fee of $433.33 on surrender of the certificate, amounting in all to $498.33 admitted credit upon the note. The plaintiff sued to recover the balance, viz. $151.67.
The order is affirmed, with costs. All concur.
Cases cited
- Krakower v. Davis 20 Misc. Rep. 350 p. 1034