Mercer v. Mercer

The complaint herein set forth five separate causes of action, in each of which the plaintiff, R. D. Mercer, alleged that he was the owner and holder o'f a note given by the defendant, Sam Mercer, for $1,000. In the first cause of action the note was dated May 1, 1930, payable one year after date with interest at the rate of eight per cent, per annum until paid. The note pro vicled that interest was to be paid annually and any installment of interest not punctually paid when due was to become a part of the principal and thereafter bear the same rate of interest as the principal. In the…