Everett v. Ingram

1.- Where a note contained a promise to pay a stated sum of money on a named date, “with interest from maturity at eight per cent, per annum,” and agreed that if the maker should fail to pay the note at maturity, and it should be placed in the hands of an attorney for collection, “then and in that event I hereby admit that I have damaged [the payee] or the holder of this note ten per cent, of the amount of said debt by forcing them to employ an attorney on account of my default; and said damage is hereby declared, for value received, to be liquidated damages and collectible as part of said…