Parlor City Lumber Co. v. Sandel

LAND, Justice.

On April 4, 1931, Percy Sandel executed a note for $5,897.26, payable 90 days after date to the order of plaintiff, Parlor City Lumber Company, Inc., with 8 per cent, per annum interest from date, and stipulating 10 per cent, upon the amount of principal and interest as attorney’s fees if the note is not paid at maturity and is placed in the hands of an attorney for collection.

As collateral security for the payment of this note, defendant, Mrs. Anna S. Sandel, on April 4, 1931, executed a note for $6,000 payable to the order of herself and by her indorsed. This note is payable…