Imperial Group, Ltd. v. Lamar Corp.

Defendant, Imperial Group, Ltd., appeals from a summary judgment granted plaintiff, The Lamar Corporation, in an action on a promissory note. We reverse and remand.

Plaintiff filed suit against defendant on June 17, 1976, demanding the balance on a note, interest, and attorneys' fees. Plaintiff alleged that on December 17, 1975, defendant executed a promissory note which provided it was to be paid in monthly installments on the first day of each month and that if defendant became delinquent for forty-five days, the entire unpaid balance automatically became due and payable.

Defendant filed a…