Hoey v. Ebert

On May 26, 1925, the defendant, a real estate dealer, negotiated a loan for plaintiff from William E. Baumann and Helen E. Baumann, his wife, for the sum of $355, evidenced by a promissory note, payable one year after date, and secured by a mortgage on a lot owned by plaintiff in the township of Ecorse, in the county of Wayne. Plaintiff paid the interest thereon for one year. He testified that a few days after the second year’s interest became due he told the defendant that he could not pay it up and, after the lapse of considerable time and several conferences, the deféndant said to him, —…