Bonnett Brown Sales Service v. Klepper

This is a suit upon a promissory note in the sum of $100, executed by defendant in favor of plaintiff and payable in monthly installments of $5.56 each. The note contained a provision that if any installment remained unpaid, the whole note should become due and payable at once. The payments were to be made on or before the fifteenth of each month, beginning October 1, 1921. Defendant paid the October installment but refused to pay more, resulting in plaintiff’s bringing this suit. The defense was a failure of consideration. There was a verdict and judgment in favor of defendant and plaintiff…