Equitable Industrial Loan Society, Inc. v. Kelly

The plaintiff is a corporation duly licensed under the statute to conduct a small loan business in New Haven. On June 24th, 1935, the defendant as sole maker, and without other security, as she knew, gave the plaintiff her note for $300 with interest at 3 per cent, per month, payable on or before February 24th, 1937, in twenty stated instalments, and providing that upon default the unpaid balance should be due forthwith. “Actual Amount Cash delivered this date $300” was the consideration stated therein. April 9th, 1936, the defendant being in default, the plaintiff called the loan. The…