Muskegon Citizens Loan & Investment Co. v. Champayne

The defendants signed and delivered to the payee a note reading as follows:

“$312 Angnst 16, 1929.

“For value received, we or I, promise to pay to the Kei-Lac Company of Michigan or order three hundred twelve — no/100 dollars ($312) in 12 payments of twenty-six dollars ($26) each, and said payments to he made at intervals of 30 days each from date. All payments are due and payable on default of any, including interest and all collecting cost.

“Payable at Muskegon, Mich.

“Name, Wm. Champayne & Son (Signed) “By Clarence Champayne (Signed) “Address 98 W. Clay Ave.”

Under the stipulated facts it…