Mercantile Bank & Trust Co. v. Vilkins

Mercantile Bank and Trust Company (hereinafter payee) originally filed suit against Peter I. Vilkins (hereinafter maker) for the unpaid principal balance and accrued interest, along with costs of collection including reasonable attorney’s fees, due and owing under a $33,000.00 promissory note, payable in installments, signed by the maker and naming the bank as payee. The case was ultimately tried to a jury on the limited issue of “costs of collection including reasonable attorney’s fees,” infra, resulting in a verdict in favor of the maker and against the payee, and the latter has appealed.

Pay…