Cramer v. Willetts

Citations

• 61 Ill. 481

Syllabus

<p>1. Payment—agreement as to credits. Where a note was indorsed by the payee after its maturity, any amount, either in money or property, which by agreement between the payee and the maker, or by direction of the maker, was received by the payee before the transfer, to be applied on the note, should be allowed as a discharge pro tanto on bill by the indorsee to foreclose a mortgage securing the note.</p>