This is an action to recover a loan of $12,500 plus 6% interest per annum from October 2, 1972. The letter agreement between the parties dated October 2, 1972 specifically states that the $12,500 represents a loan to defendant at 6% interest. It further provides that the loan may be convertible at plaintiff's option into the defendant's common stock, which option will extend for a period not in excess of five years. Though this loan agreement looked to the preparation of...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
