Kiser v. Richardson

The opinion of the court was delivered by

Porter, J.:

The petition alleged that on the 10th day of February, 1912, the defendant agreed to loan the plaintiff the sum of $10,000 on or before the first day of the following March for the purpose of paying an indebtedness due from the plaintiff on that day to one Vincent F. Gutscher, being a deferred payment on the *813purchase price of a tract of land in Jewell county; that in consideration of the agreement to make the loan plaintiff agreed to pay the defendant interest at eight per cent per annum, and if at the end of one year the interest or…