Dailey v. First National Bank

Pannell, Judge.

1. Where, on December 17, 1965, a suit was instituted on a conditional sale contract given in the original sum of $1,396.56 payable in 24 monthly installments of $58.19 each beginning May 25, 1965, the suit being for $1,148.80 principal, it is obvious that some of the installments were past due. Whether or not the maturity of the other installments had been accelerated according to the terms of the contract, a recovery for some amount being authorized by the allegations of the petition, the petition was not subject to general demurrer on the ground that the entire debt sued on…