Peoples Wayne County Bank v. Lonyo

Plaintiff bank held the note of defendant Louis Gr. Lonyo, for $1,967.75, dated September 3, 1929, due October 8, 1929, and indorsed by defendant Jane A. Lonyo. December 2, 1929, no payment having been made, plaintiff brought suit on the note. December 4, 1929, Mr. Lonyo offered to pay $100 on the principal and the accrued interest, protest fees, and court costs, and thereafter $100 per month and interest on each month’s balance. The $100 on principal and accrued interest, protest fees and court costs were paid and the suit discontinued. Mr. Lonyo failed to make any further payment, and,…