Fall River National Bank v. DeMarco

This is the defendants’ appeal from the entry of a summary judgment in a civil action on a promissory note.

The facts on which the action was brought are not in dispute. They establish that on October 28, 1965, plaintiff, hereinafter called “the bank,” loaned $5,000 to Russell Sportswear Mfg. Co., Inc., a Massachusetts corporation, of which defendant Anthony DeMarco was treasurer. This indebtedness was evidenced by a promissory note, payable six months from date, together with interest of $151.67. Significantly, collection costs or other legal charges were not included. Payment of the…