In 1982 and 1983 plaintiff sold six Holstein-Friesian cows to defendants in consideration of part immediate payment and part deferred payment as reflected in six separate promissory notes. By 1985, defendants began to fall behind in their obligations under the promissory notes and, in 1986, the parties entered into an agreement to extend and modify defendants' repayment obligations. Pursuant to this agreement, a total of seven new promissory...
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