GENERAL MILLS, INC. v. COMPANY

No. 3862.

96 N.H. 56 (1949)

GENERAL MILLS, INC. v. EQUITABLE CREDIT CORP'N & a.

Supreme Court of New Hampshire.

December 6, 1949.


Attorney(s) appearing for the Case

Samuel A. Margolis (by brief and orally), for the plaintiff.

Robert J. Doyle, for the defendants.


KENISON, J.

If the later consolidated note and mortgage given by Talbot, the defendant mortgagor, to the defendant corporation was in satisfaction of the prior notes and mortgages, there could be no foreclosure of the consolidated note and mortgage until its maturity. In such a case the new note is the measure of the creditor's right and a limitation on the time of its enforcement. Samales v. Essie, 94 N.H. 262...

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