National Bond & Investment Co. v. McCoy

HALL, O. J.

Pebruary 15, 1923, appellee Geo. W. McCoy bought an automobile in Oklahoma, and as part consideration gave, his promissory note to the appellant. company in the principal sum of $337.20, due in twelve monthly installments. The note provides for interest at 10 per cent., for reasonable attorneys’ fees in the event of collection by suit, and that a failure to pay any installment, should, at the option of the holder, mature the entire indebtedness. He paid the March installment of $28.20. Palling to pay the April installment, the appellant exercised its option under the acceleration…