On August 15, 1996, defendant executed a promissory note payable to Kriscott Broadcasting, Inc. in the sum of $170,000. This note provided that repayment of the principal sum was to be paid in 20 quarterly installments of $8,500 beginning on November 15, 1996. The note was made in accordance with the terms of an "Asset Purchase Agreement" (hereinafter the agreement) which, inter alia, required defendant, at the option of Kriscott...
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