Progressive Finance and Realty Co. v. Stempel

This action is founded on a promissory note dated October 23, 1929, for $2703, payable in monthly installments of $225.25 each, the first installment being payable on November 23, 1929. The note was given to the North American Sound and Talking Picture Equipment Corporation, for a part of the purchase price of one Type 1 M.D. Tone-O-Graph Reproducing Unit, consisting of two turn tables, two pick ups, one Double Channel Amplifier, one Monitor Horn and two Dynamic Speakers, one Fader and one Sound-on-Film equipment, sold by the North American Sound and Talking Picture Equipment Corporation, to…