On September 8, 1987 the plaintiff bank loaned the defendant $800,000. Defendant-respondent, in exchange for the loan, executed a promissory note for that amount payable on demand. The note, which did not contain a general merger clause, provided that payment could be made in 71 monthly installments of $700 in principal plus accumulated interest, with the final payment of the outstanding balance due on September 8, 1993 unless the bank demanded payment prior thereto. In conjunction...
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