Thompson v. Kay

LARSON, Justice.

Plaintiffs sued defendant in the District Court of Salt Lake County on a promissory note and recovered judgment. Defendant appeals. The note, dated October 9, 1933, is for the sum of $600.00 payable $200.00 per year with interest payable semi-annually at the rate of 6% per annum from date until paid. The maker also agreed to pay a reasonable attorney’s fee. The note, which was signed and delivered by appellant, included the following provisions:

“The holders shall have the right to declare this note due and payable for default in payment of interest * * * It is also understood…