BARHAM, Justice.
On February 22, 1968, Herbert Champagne, now deceased, executed a demand note payable to Warren J. Moity for $75,000.00 plus 8 per cent interest from date and thirty-three and one-third per cent (331/3%) attorney's fees. The note was subsequently transferred by Moity to Licoho Enterprises, Inc. in exchange for the corporation's stock. On April 10, 1968 Licoho filed suit against Champagne on the note in Orleans Parish. Licoho obtained a default judgment...
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