Citizens Bank of Smithville v. Lair

BERREY, Judge.

Appellant appeals from defendant’s motion to dismiss which was sustained at close of plaintiffs evidence.

In this court-tried case the appellant brought suit against respondent as guarantor on a promissory note executed by his son, Ricky Lair.

The note in question was executed April 29, 1980, in the principal sum of $5,500.00 at 14.6 percent annual interest. Interest after the date of maturity would be at the “maximum rate permitted by law, together with reasonable attorney’s fees in the event [the] note is not fully paid at maturity and the same is placed in the hands of an…