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VACCARO v. ANDRESEN

No. 3373.

201 A.2d 26 (1964)

Michael P. VACCARO and Mary Ann Vaccaro, Appellants, v. Arvid R. ANDRESEN, Appellee.

District of Columbia Court of Appeals.

Decided June 4, 1964.

Attorney(s) appearing for the Case

Claire O. Ducker, Sr., Washington, D. C., with whom Franklin L. Carroll, Falls Church, Va., was on the brief, for appellants.

Bernard D. Lipton, Washington, D. C., with whom S. David Rubenstein, Washington, D. C., was on the brief, for appellee.

Before HOOD, Chief Judge, and QUINN and MYERS, Associate Judges.

HOOD, Chief Judge.

Michael P. Vaccaro, one of the appellants here, and appellee Andresen were officers and stockholders in a corporation engaged in the florist business. The corporation was in financial difficulties and on March 31, 1961, Vaccaro and his wife executed an "installment discount" note to a bank in the sum of $2,556. The net proceeds of the note amounted to $2,009.54 and Vaccaro paid $2,000 of it to the corporation. According to Vaccaro the note was executed...

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