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ALTEX ALUMINUM SUPPLY CO. v. ASAY

72 N.J. Super. 582 (1962)

178 A.2d 636

ALTEX ALUMINUM SUPPLY CO., A CORPORATION OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. WALLACE J. ASAY, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided March 9, 1962.

Attorney(s) appearing for the Case

Mr. Charles Blume argued the cause for appellant (Messrs. Blume and Blume, attorneys).

Mr. Louis Asarnow argued the cause for respondent (Mr. Barney Asarnow, on the brief).

Before Judges PRICE, SULLIVAN and LEWIS.

The opinion of the court was delivered by SULLIVAN, J.A.D.

Plaintiff, claiming to be a holder in due course, sued defendant on a promissory note dated July 8, 1959. The note was in the amount of $1,225, was payable 12 months after date, and was made by defendant to the order of Home Specialists, Inc. Plaintiff alleged that Home Specialists, Inc. had endorsed and delivered the note as part payment of a debt of $14,000 owed plaintiff by Home Specialists, Inc. The trial...

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