Treadwell v. Himmelmann

Citations

• 50 Cal. 9
• 1875 Cal. LEXIS 71

Syllabus

<p>Payment 'of Promissory Note.—If one party furnishes another one thou-' sand dollars in money, and such other gives him his note therefor, with the understanding that the payor shall procure third parties to assign to himself certain liens on land claimed hy the payee, which liens the payor shall hold for the benefit of the payee, in satisfaction of the note, the agreement amounts to an accord and satisfaction, and is a payment of the note.</p>