Hutson v. Rankin

This action was brought by respondent to recover upon a promissory note, which reads as follows:

“$1100.00. March 1, 1920.

“On or before the 1st day of March, 1921, for value received O. M. Rankin of Caldwell R. 4 promises to pay to Northwestern Investment Company, a corporation, or order, at Pocatello, Idaho, Eleven hundred Dollars, with interest thereon at the rate of eight per cent per annum, payable quarterly.

" But in case this note is not paid when due, then it shall draw interest at the rate of ten per cent per annum until paid. In case default is made in the payment of interest according…