Peoples Loan & Finance Co. v. Ledbetter

Peoples Loan & Finance Company instituted suit against J. R. Ledbetter to recover $591.40 as the principal, accrued interest, and attorney’s fees, due on a promissory note executed by the defendant on June 10, 1941, in favor of Robert T. Crain Company Inc., which had been transferred by that company to the plaintiff on June 11,1941. A copy of the instrument, which is designated as a “promissory note and conditional-sales contract,” was attached to the petition. It recited that the maker had purchased from the payee a described Pontiac automobile, and that the principal of the note, $709.68,…