House of Loans, Inc. v. Matassa Motor Co.

LOTTINGER, Judge.

This is a suit on a promissory note by House of Loans, Inc., against Matassa Motor Company, Inc. and Joseph Matassa, Sr. The Lower Court awarded judgment in favor of defendants, dismissing petitioner’s suit. Petitioner has taken a devolutive appeal.

The record discloses that on March 16, 1956, Henry Washington executed a promissory note payable to the order of Bearer in the original amount of $1,028.52, said note being payable in eighteen successive monthly installments of $57.14 each. The said note was secured by a Chattel Mortgage on a 1952 Dodge truck which had been sold to…