Musser v. Murphy

Plaintiff brought this action upon a promissory note to recover $4,852.45, interest and attorneys’ fees. Defendant admits the execution of the note, and that no part of the principal or interest has been paid. He alleges that the note represents loans aggregating the principal sum of $2,550, and that the balance of the principal sum mentioned in said note represents compound interest on said sum of $2,550, and a greater sum than ten per cent per annum upon the original sum loaned.

A jury trial was waived by the parties. The court made findings and conclusions of law, and entered judgment for…