[Download] "Hane v. Exten" by September Term, 1969 Court of Appeals of Maryland No. 56 ~ Book PDF Kindle ePub Free
eBook details
- Title: Hane v. Exten
- Author : September Term, 1969 Court of Appeals of Maryland No. 56
- Release Date : January 02, 1969
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 51 KB
Description
John B. Hane is the assignee of the note of Theta Electronic Laboratories, Inc. (Theta) in the stated amount of $15,377.07, with interest at six per cent per annum. The note was dated 10 August 1964; stipulated that the first monthly payment of $320.47 would be due five months from date, or on 10 January 1965; and that ""In the event of the failure to pay the interest or principal, as the same becomes due on this Note the entire debt represented hereby shall at the end of thirty (30) days become due and demandable * * *."" The note was assigned without recourse to Hane by George B. and Marguerite F. Thomson, the original payees, on 26 November 1965. A default having occurred in the making of the monthly payments, Hane took judgments by confession in the Circuit Court for Montgomery County on 7 June 1967 against Theta and three individuals, Gerald M. Exten, Emil L. O'Neil, and James W. Hane, and their wives, who had endorsed Theta's note. On motion of the Extens, the judgment was vacated as to them and the case came on for trial on the merits before the court without a jury. From a judgment for the Extens for costs, Hane has appealed.
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