Solomont v. Murphy

The plaintiffs have brought this action in contract against the defendants, makers on a note dated 13 September 1963 in the face amount of $10,500.00. The writ is dated 4 September 1964.

The defendants’ answer was a general denial and payment.

There was evidence that on 13 September 1962 the defendants borrowed $6,000.00 from the plaintiffs at 1¼% per month which was precomputed for 260 weeks, being a total interest of $4,500.00. The defendants executed the note on that date in the face amount of $10,500.00. *23From the date of the note through 9 Nov. 1964, the defendants paid $1,942.85 which was…