General Electric Credit Corp. v. Coleman

LOTTINGER, Judge.

This is a suit on a promissory note. From a judgment in favor of plaintiff, defendant has appealed.

The note in question was executed in connection with a credit sale. On November 29, 1979, suit was filed by plaintiff, General Electric Credit Corporation (GECC), against the defendant, Gwendolyn Coleman, in the amount of $250.56, the unpaid balance, plus interest and attorney fees. During the spring of 1980, verbal negotiations were conducted between counsel for both parties. In a letter dated July 7, 1980, addressed to counsel for plaintiff, defendant proposed that the debt be…