Service Loan & Finance Corp. v. McDaniel

Eberhardt, Judge.

Plaintiff appeals from the sustaining of a general demurrer to a petition seeking recovery of the principal, interest, insurance charges, service charges and attorney’s fees alleged to be due under a combination promissory note and bill of sale to secure debt. There is no reference to the Industrial Loan Act (Code Ann. Ch. 25-3) in the petition or the photostatic copy of the note and bill of sale attached as an exhibit, nor is there any allegation that plaintiff was licensed to do business under the Act when the loan was made.

1. It is settled that one who seeks to recover…