Ouachita Nat. Bank v. Carpenter

On April 7, 1920, S. C. Black-man, trading as the S. C. Blackman Auto Company, sold to the defendants J. F. Carpenter and A. T. Turpin one Monarch crawler type tractor for the price of $2,850, of which sum $1,000 was paid in cash, and the balance was represented by two promissory notes for $925 each, bearing interest and containing a provision for 20 per cent, attorney’s fees if placed in the hands of an attorney for collection. The notes were paraphed “ne varietur” in conformity with the act of sale and mortgage of the tractor by the notary before whom said instrument was executed.

On April…