White System of Lafayette v. Fisher

Plaintiff is the holder of an installment note for the sum of $486 signed by Hugh Fisher, Ed. Fisher and Katherine Fisher. The note is dated January 9, 1942, and is made payable in eighteen installments of the sum of $26 each, payable on the 9th day of each and every month following the date of its execution. It bears interest "after maturity at highest rate in Louisiana", and contains a clause accelerating the maturity of the full amount upon failure to pay any installment as the same becomes due each month. It also provides for an additional 20 per cent. as attorneys' fees in the event it…