Stephenson v. Gaines

The law firm of Gaines, Quin, Harley & Gaines brought this action against TV. M. Stephenson to recover the amount of certain promissory notes executed by Stephenson in settlement of attorney’s fees owing to the firm. The obligations sued on were of a series of 13 notes executed on December 15, 1924, the first to mature being for the amount of $1,000, the next 11 for $500 each, and the thirteenth and last for $566.15; the whole series aggregating the amount of $7,-;066.15. The notes contained a provision for accelerated maturity in event of default in the payment of any one of the series. It…