DeLoach v. Adams Loan & Investment Co.

J. W. DeLoaeh sued the Adams Loan & Investment Company and others on a series of promissory notes, each for $35, dated September 16, 1937, and due monthly through August 16, 1930. The notes contained a provision that they were for the purchase-price of certain realty, and that if any one of the notes was not paid at maturity all of the remaining unpaid notes should become due and payable at once. The original series was of fifty-one notes, and the suit was on eleven of the series, which were paid by DeLoacb and transferred to him by the Adams Loan & Investment Company, both payment and…