Vaughan v. Ferguson

By JUDGE E. BALLARD BAKER

Percy Vaughan is suing Ralph Ferguson on a note dated October 31, 1967, in the amount of $13,500, made by Hudson Enterprises, Inc., Frank Hudson and Virginia Hudson, the note payable to the order of Ralph E. Ferguson. Pit. Ex. 2. The note was secured by an Installment Sale Security Agreement of the same date. Both documents related to the purchase by Hudson of laundry equipment from Ferguson located at 2375 Staples Mill Road. Pit. Ex. 1.

The note was payable at the rate of $261 per month beginning November 30, 1967, and carried 6% interest.

On September 15, 1969,…