Guaranty Mortgage Co. v. National Life Insurance

National Life Insurance Company brought suit in two counts against Guaranty Mortgage Company of Atlanta and P. C. McDuffie. In the first count it was alleged that the plaintiff was the holder, before maturity and for value, of a certain promissory note signed by the defendants, a copy of which was attached to the petition, on which there was a balance due of $2750. The note was dated May 18, 1929, in the sum of $3250, payable to Bayne Gibson Mortgage Company or order, bearing interest at 6 per cent, per annum until maturity, and at 8 per cent, per annum after maturity. On the back of the note…