Worcester Bank & Trust Co. v. Holbrook

Donahue, J. The plaintiff as executor of the will of Frank S.- Ewing has brought suit on a promissory note for $25,000, dated November 5, 1929, and payable to the order of Ewing. The note bore the purported signatures of “JOHN J. KINGSLEY” and “JOHN J. KINGSLEY INC. By: JOHN J. KINGSLEY Treasurer.” The defendants are the administrator with the will annexed of Kingsley and the corporation. The plaintiff produced the note, offered testimony identifying the signatures, without objection from the defendants introduced the note in evidence, and rested. It thereby made out a prima facie case sufficient to support the action. G. L. (Ter. Ed.) c. 107, §§ 47, 51, 74. Beacon Trust Co. v. Barry, 260 Mass. 449. The defendant introduced testimony to the effect that [229] the note here in suit was a renewal of an earlier note of the same tenor, given at the time a loan of $25,000 was made by Ewing with the understanding that the greater part of that amount was to be applied to meeting the personal obligations of Kingsley, that less than $3,000 of the loan was expended for the purposes of the corporation of which Kingsley was the treasurer, and further that in 1931 by agreement Kingsley delivered to Ewing a quantity of merchandise in satisfaction of the obligation of the note. The trial judge in the Superior Court sitting without a jury found for the plaintiff in the sum of $25,000 with interest. The trustee in bankruptcy of John J. Kingsley, Inc., contends that on the evidence presented by the defendants the finding should have been for the defendant corporation. A complete answer to this contention is that the judge obviously did not believe the testimony offered by the defendants. He 'was not bound to believe it. First National Bank of Boston v. Sheridan, 285 Mass. 338, and cases cited. There was no error in the rulings of law made by the judge. Exceptions overruled.