Time Finance Co. v. Louis

SAMUEL, Judge.

This suit, coupled with the sequestration of an automobile, is on a promissory note held by plaintiff and secured by a chattel mortgage on the automobile. Defendants deny the obligation, plead fraud and usury, and reconvene for damages resulting from plaintiff’s alleged illegal procedure and seizure.

The note in suit is in the amount of $2,-952.00, signed by one of the defendants and endorsed by the other, and payable to the order of the plaintiff in 36 consecutive monthly installments of $82.00 each beginning April 10, 1960, with interest at 8% from maturity. The balance due and…