The principal sum of $100,000 in the note given by defendant to plaintiff was satisfied by setoff against an obligation in the same amount. Only interest at 7%, the rate stated in the instrument, remains to be paid, covering the period from the note's date, May 12, 1976 to the date of demand for payment, August 3, 1977, with interest thereafter to the date of setoff, December 31, 1977 to be calculated at 6%. The defense sought to be interposed of an oral agreement of forebearance...
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