Vaughn v. Vaughn

McFADDEN, Justice.

Gladys F. Vaughn, plaintiff-respondent, instituted this action on a promissory note, alleging its execution in her favor and delivery to her by George E. Vaughn, defendant-appellant, in the face amount of $3,000, payable monthly on the 1st of each month in installments of $50 each. The note also 1 provided that “all installments of principal shall bear interest at the rate of 6% from the due date thereof * * and also contained an acceleration clause which provided in event of non-payment on the due date of any installment, the maker pay reasonable attorneys’ fees in case of…