Lanpar Company v. Stanfield

OPINION

McDONALD, Chief Justice.

This is an appeal by defendant Lanpar from judgment for plaintiff Stanfield, on a debenture issued plaintiff by defendant.

Plaintiff Stanfield filed suit July 14, 1967 against defendant Lanpar on a $5500. debenture issued by defendant October 31, 1959, which provided $1100. plus interest would be paid plaintiff on November 1, of I960, 1961, 1962, 1963 and 1964. Plaintiff alleged no payment had been made in 1961, 1962, 1963, and 1964, and sought judgment for $4400; interest and attorneys fees.

Defendant by answer plead the Four Year Statute of Limitations.

Plaintiff…