Biehl v. Guaranty Discount Corp.

Thompson, J. —

It is alleged that appellant, who was defendant below, gave to Roy F. Rich, receiver for the Mercantile Discount Corporation, for value received, a note in the sum of $1,158.84, payable in twelve equal installments over a period of one year, the first installment to become due on May 1, 1924; said note provided for attorney fees and drew interest at eight per cent., and further provided that, should any payment become delinquent, the entire unpaid balance should become immediately due and payable; that before any of the payments on said note became due, it was purchased by the…