Girard Trust Co. v. Kitsee

Superior Court of Pennsylvania

Girard Trust Co. v. Kitsee

82 Pa. Super. 277, 1923 Pa. Super. LEXIS 297

CourtSuperior Court of Pennsylvania

DecidedOctober 10, 1923

DocketAppeal, 220

StatusPublished

This text of 82 Pa. Super. 277 (Girard Trust Co. v. Kitsee) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Girard Trust Co. v. Kitsee, 82 Pa. Super. 277, 1923 Pa. Super. LEXIS 297 (Pa. Ct. App. 1923).

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Opinion

Opinion by

Trexler, J.,

This is an action brought by the executors of Ferreck on two promissory notes, one for $600 and one for $500, signed by Kitsee, the appellant. There is no defense to the $600 note, but it is claimed that the $500 note was given without consideration as a bonus for the $600 note and, therefore, as to its entire amount, is usurious. Of course, the note is prima facie evidence of the debt and is presumed to be given for value (section 24, Act of May 16,1901, P. L. 194), and it was incumbent upon defendant to show the lack of it. The testimony produced by the defendant fell far short of the measure of proof required to set aside the note. A witness who was called for the defendant stated that on the day the note was given, $600 was passed and that the $500 note was given to cover $500 that Ferreck, the payee of the note had put up for an experiment to be made by Kitsee, which was an endeavor to recover potash from sugar cane. The witness could not recall the details and was not in a position to testify with any definiteness for what the $500 note was given. There was then an effort made to introduce a paper which had been drawn up by Ferreck and submitted to Kitsee, and which Kitsee refused to sign, in which reference is made to $600 being paid to Kitsee by Ferreck and that a further note for the sum of $500 was to be given, which note represented the sum advanced by Ferreck to Kitsee on a potassium deal, which was not consummated. The proposed agreement further provided for the assigning of a quarter interest in the patent rights of a process to improve the production of artificial silk and that upon the sale of such patent rights, Ferreck was to receive one quarter of the consideration and allow credit for the $1,100 which lie gave to Kitsee. As this proposed contract was never executed, the court- properly excluded it. Even if we hold that the proposition having been made by Ferreck and signed by him might be regarded as an admission of certain facts which are stated therein, there would not be sufficient in *279 it to show that the $500 note is usurious or given without consideration, in fact the contrary inference might be drawn. The court properly held the prima facie evidence that the note was issued for value was not overcome.

The judgment is affirmed.

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Opinion by

Trexler, J.,

This is an action brought by the executors of Ferreck on two promissory notes, one for $600 and one for $500, signed by Kitsee, the appellant. There is no defense to the $600 note, but it is claimed that the $500 note was given without consideration as a bonus for the $600 note and, therefore, as to its entire amount, is usurious. Of course, the note is prima facie evidence of the debt and is presumed to be given for value (section 24, Act of May 16,1901, P. L. 194), and it was incumbent upon defendant to show the lack of it. The testimony produced by the defendant fell far short of the measure of proof required to set aside the note. A witness who was called for the defendant stated that on the day the note was given, $600 was passed and that the $500 note was given to cover $500 that Ferreck, the payee of the note had put up for an experiment to be made by Kitsee, which was an endeavor to recover potash from sugar cane. The witness could not recall the details and was not in a position to testify with any definiteness for what the $500 note was given. There was then an effort made to introduce a paper which had been drawn up by Ferreck and submitted to Kitsee, and which Kitsee refused to sign, in which reference is made to $600 being paid to Kitsee by Ferreck and that a further note for the sum of $500 was to be given, which note represented the sum advanced by Ferreck to Kitsee on a potassium deal, which was not consummated. The proposed agreement further provided for the assigning of a quarter interest in the patent rights of a process to improve the production of artificial silk and that upon the sale of such patent rights, Ferreck was to receive one quarter of the consideration and allow credit for the $1,100 which lie gave to Kitsee. As this proposed contract was never executed, the court- properly excluded it. Even if we hold that the proposition having been made by Ferreck and signed by him might be regarded as an admission of certain facts which are stated therein, there would not be sufficient in *279 it to show that the $500 note is usurious or given without consideration, in fact the contrary inference might be drawn. The court properly held the prima facie evidence that the note was issued for value was not overcome.

The judgment is affirmed.

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82 Pa. Super. 277, 1923 Pa. Super. LEXIS 297, Counsel Stack Legal Research, https://law.counselstack.com/opinion/girard-trust-co-v-kitsee-pasuperct-1923.