Citizens' National Bank v. Parsons

The action in this case was by George P. Parsons against the Citizens’ National Bank of Pocomoke City, executor of the will of Ulysses S. Payne, on a writing obligatory, bearing date June 27th, 1927, by which Ulysses S. Payne covenanted to pay to the order of the plaintiff on demand the sum of $10,000, without interest, and, in case of default at maturity, to pay ten per centum additional as collection fee, and to waive demand for payment. Neither the maker nor his executor paid according to the tenor of the instrument, and this default is the breach of covenant alleged in the declaration.…