Equi v. Licari

This is an action in contract to recover a total balance of $18,000.00 due on three promissory notes payable to plaintiff Frank R. Equi in his individual capacity, and executed by the plaintiff and defendants Arthur Licari and John Markos collectively, as trustees of the Ipswich Bay Realty

Trust.

The reported evidence discloses that the notes in question contained the following terms:

Face Value Date Executed Date Due

$10,000.00 September 15, 1973 March 15, 1974

5,000.00 November 2, 1973 May 2, 1974

3,000.00 March 12, 1974 June 10, 1974

Written demand for payment of these notes was made by the…