Manchester State Bank v. Reale

The plaintiff banks brought this action, in three counts, seeking damages against the defendants. The first count is based on the defendants’ guarantee of a corporate liability on a lease, and the second and third counts involve two separate promissory notes. Bach count claims as damages the balance due on the particular instrument, together with attorneys’ fees of 15 percent. By means of assignment, each plaintiff became the holder of the instrument on which it has brought suit. On November 14, 1975, the court {Bean, J.) granted motions for default against the defendants for failure to plead…