Family Loan Co. of Nashville v. Hickerson

Mr, Justice Cook

delivered the opinion of the Court.

This is a proceeding under section 8835 of the Code to‘obtain a decree declaratory of the rights and obligations of the defendant, a borrower, from the complainant, a lender, licensed and operating under the Small Loan Act, chapter 153, Pub. Acts 1925; section 6721 and subsequent sections of the Code.

The chancellor sustained some grounds of defendant’s demurrer to the hill and overruled others. Upon defendant’s refusal to plead further the chancellor entered a declaratory decree from which both parties appealed. The case is here for review…