Beneficial Finance Co. v. Machie

On June 7, 1967, Howard P. Maehie, Jr., and his wife, Barbara, refinanced a previous obligation to Beneficial Finance Company of Manchester and received from the finance company some additional money. The Machies received additional cash, after certain deductions were made, in the amount of $60.12. Evidencing the loan, the Machies executed and delivered their note in the sum of $1000, payable in twenty-four monthly instalments of $51.16 each, commencing on July 7, 1967.

The record shows that, at the time the note sued on was executed, the Machies signed and delivered a financial statement…