Beneficial Finance Company of Waterloo v. Lamos

MASON, Justice.

James J. Lamos and his wife Nancy L. appeal from an adverse judgment rendered in a law action tried to the court. Plain tiff filed petition in the Waterloo Municipal Court alleging as a basis for recovery defendants’ execution and delivery of their promissory note in writing in the principal amount of $500, plaintiff’s ownership of the note and defendants’ nonpayment of a balance due in the amount of $190.15. Judgment for this amount plus interest and cost was demanded. When defendants answered and filed counterclaim seeking damages in excess of the jurisdiction of the court…