SFC Acceptance Corp. v. Spain

McBRIDE, Judge.

Plaintiff, the holder in due course and for value of a certain promissory note for $11,210, signed and executed by defendants, proceed against them to recover the balance of $7473.32 due on the note in principal with interest after maturity at 8% per annum and for 25% attorney’s fees, and also for recognition of a vendor’s privilege and chattel mortgage upon certain property which secures payment of said note.

The origin of the note is as follows:

On April 13, 1962 defendants, by notarial act, purchased from Dairy Dan, Incorporated, certain movable equipment on credit terms, the…