Pohly v. Star Loan Co.

The parties to this action are not in accord either as to its character or its object. The complaint of the plaintiff, the Star Loan Company, alleges that it is a corporation organized under the laws of Colorado and that in September, 1929, for a valuable consideration the five defendants, including defendant Pohly, and each of them, executed their joint promissory note payable to the order of plaintiff in the principal sum of $800, bearing interest from September, 1929, at the rate of 12 per cent per annum. There is a further allegation that there has been paid upon the note by the…