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Navine and Wife v. Peltier and Wife

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eBook details

  • Title: Navine and Wife v. Peltier and Wife
  • Author : Supreme Court of Wisconsin
  • Release Date : January 03, 1970
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 62 KB

Description

The action is on a promissory note. The defense is a claimed novation. On May 26, 1965, the defendants-appellants, Thomas H. Peltier and Jeanette Peltier, his wife, together with John F. Halloran
and Doris T. Halloran, his wife, executed a promissory note in the amount of $6,000 to the plaintiffs-respondents, Richard
C. Navine, Jr., and Virginia M. Navine, his wife, as partial payment for a parcel of real estate sold by the respondents to
the appellants and the Hallorans. The balance of the purchase price was financed by a note for $24,000 and a first mortgage
given by the Peltiers and Hallorans to the Northern Bank of Milwaukee. The $6,000 note given to the Navines was secured by
a second mortgage on the same property, was payable six months from the date of execution, and contained a clause providing
that the holder could sue directly on the note without first resorting to foreclosure.


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