Sentinel Acceptance Corporation v. Colgate

Sentinel Acceptance Corporation brought an action against Mary E. Colgate for the balance due on promissory note. The parties will be referred to as plaintiff and defendant, or by name.

The note in issue and various other documents were signed contemporaneously by the defendant on December 21, 1962. The face amount of the note was $1,038.96. Two payments were made by the defendant, one in February and one in April of 1963. The amount left unpaid, and here in issue, is $882.30, including all applicable finance charges.

The note was given as payment for an inter-communication, burglar alarm, and…