Samples-Ehrlich v. Simon

Opinion by

Judge NEY.

In this action to collect money owed on a promissory note, defendant, Michael Simon, appeals from the judgment in favor of plaintiff, Patricia A. Samples-Ehrlich. We reverse and remand.

Defendant signed a promissory note in favor of plaintiffs assignors for $6,000 in January 1984. The note provided that it was “due on demand” and that it would bear interest at eight per cent from January 1984 until due. It further provided that, if the note was not paid when due, interest would accrue at 12 per cent per year until it was paid. Finally, the note provided for reasonable…