Farmers' Loan & Mortgage Co. v. Langley

On the Merits.

O’NIELL, O. J.

This is a suit for a balance due on a subscription for stock in the Farmers’ Loan & Mortgage Company, Inc., and for the attorney’s fee allowed by section 9 of Act 267 of 1914, p. 526. The application, dated December 27, 1919, and signed by the defendant, contained his unconditional obligation to pay $1,000 on January 27, 1920, and $2,000 on December 27, 1920, with interest at 8 per cent, per annum from the date of the application. He paid the $1,000 due on January 27, 1920, but failed to pay the $2,000 due on December 27, 1920. His pleas in defense of the suit are,…