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LOCAL INDUSTRIAL FINANCE COMPANY v. McDOUGALE

404 S.W.2d 789 (1966)

LOCAL INDUSTRIAL FINANCE COMPANY, Appellant, v. Buster McDOUGALE and Ida Mae McDougale, Appellees.

Court of Appeals of Kentucky.

March 18, 1966.

Attorney(s) appearing for the Case

Elmer Morgan, Mapother, Morgan & Stansbury, Louisville, for appellant.

Robert E. Fleming, Kunzman & Fleming, Louisville, for appellees.

R. C. TARTAR, Special Commissioner.

The plaintiff, Local Industrial Finance Company, filed an action against the defendants, Buster McDougale and Ida Mae McDougale, seeking judgment for the balance due on their promissory note, dated January 12, 1961, amounting to $1,840.00 and interest.

The plaintiff alleged that to induce the making of the loan the defendants made and delivered to plaintiff their financial statement in writing which showed that they owed...

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