United Kansas Bank & Trust Co. v. Rixner

Meyer, J.;

This suit to recover on a promissory note was brought by the Santa Fe Trail State Bank (appellant) against the appellees Richard D. Rixner (Rixner) and Daniel D. Frackowiak (Frackowiak).

Appellees executed a promissory note in the amount of $5,039.76 to Superior Trailer Sales Co., assignor of appellant. The note evidenced a loan of $4,500.00 with a finance charge of $539.76, payable in twelve monthly installments of $419.98 each. This resulted in an annual percentage rate of 21.45%.

Rixner and Frackowiak defaulted and appellant sued on the note. The agreement executed in conjunction…