Central Trust Co. v. Cohen

The plaintiff, Central Trust Company, N.A., sued the defendants, James H. and Linda J. Cohen, husband and wife, for $3,028 plus interest on the unpaid balance of a promissory note. The defendants’ answer consisted of a general denial.

The evidence demonstrated that the defendants borrowed the amount of $5,260.18 from plaintiff to finance the purchase of a 1981 Mercury-Lynx automobile on November 18, 1982. The installment loan agreement called for forty-two monthly payments of $167.55 to commence on January 15, 1983. Paragraph 10 of the installment agreement signed by both defendants provided…