Cool v. Schweberger

This is an action on a promissory note dated January 28,1930, in the sum of $20,000, payable, in installments, on or before three years after date with interest at 7 per cent per annum.

It is alleged in the complaint that the sum of $2,000 was paid on October 26,1930, and that by mutual agreement certain personal property on which defendant gave a chattel mortgage to secure the payment of said note was sold for the sum of $4,268.25, and that amount credited on the note; that there was due the sum of $15,307.82 with interest, for which plaintiffs prayed judgment.

Defendant filed an answer which…