Continental Adjustment Corp. v. Klause

The above cause has been submitted to me on an agreed state of facts. The facts as submitted are substantially as follows: The defendant, a school teacher of the city of Perth Amboy, made application for a loan of $300 of the National Lenders Corporation, a money lending corporation having its office in the city of South Bend, Indiana, and executed a note as follows:

“May 19th, 1931.

Por value received the undersigned promises to pay to the order of National Lenders Corporation, at the office of the payee, the sum of Three Hundred and 00/100 Dollars in installments as follows, to wit: $15.00…