Shearer v. Deming Inv. Co.

DUNKLIN, Chief Justice.

On January 26, 1921, Hugh Shearer and wife, Estella Shearer, A. A. Shearer, and F. M. Shearer, borrowed from the Deming Investment Company the sum of $2,500, for which they executed their promissory note in that sum, payable on February 1, 1931, with interest thereon at the rate of 7 per cent, per annum from date. As a part of the same transaction, they executed three additional promissory notes, two for $83 ■each, due respectively on February 1, 1922, and February 1, 1923, and the other one for $84, due February 1, 1924. It is recited in those three notes that they…