MOTOR & INDUSTRIAL FINANCE CORPORATION v. HUGHES

No. 10384.

294 S.W.2d 182 (1956)

MOTOR & INDUSTRIAL FINANCE CORPORATION, Appellant, v. Emery H. HUGHES et ux., Appellees.

Court of Civil Appeals of Texas, Austin.

Rehearing Denied June 20, 1956.


Attorney(s) appearing for the Case

Cecil C. Rotsch, Louis Scott Wilkerson, Austin, for appellant.

Cofer & Cofer, Austin, for appellees.


GRAY, Justice.

Appellant sued appellees on and for a declaratory judgment as to the validity of three promissory notes which were executed by appellees and are payable to appellant at Austin, Travis County, Texas. These notes are: (1) dated November 16, 1951, due November 16, 1961, for $99,900 and on which note $900 has been paid; (2) dated March 20, 1952, due March 20, 1962, for $14,400, and (3) dated May 27, 1953 for $9,376.37 and payable as follows: 20 per cent...

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