On or about February 2, 1953, Philip Freeman Co., Inc., a domestic corporation engaged in business as a jobber of plumbing supplies, desired to borrow $30,000. It consulted a note broker who suggested that it draw a series of notes to the order of Walter Freeman, the corporation's president, who was to indorse the same. The broker consulted various money-lenders, including Discount Factors, Inc. Although...
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