This is an action to recover on five promissory notes in the total sum of $10,200. Defendant is a corporation which undertook, in March, 1958, to produce a sound movie film depicting the latest methods of hair styling and other beauty aids which it planned to exhibit to people in the trade for profit. Plaintiff Joel Kaplan, a stockholder of the corporation, owned at that time 7% of the outstanding common stock. The defendant required...
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