Lyon & Healy v. Baxter

Appellate Court of Illinois

Lyon & Healy v. Baxter

192 Ill. App. 420, 1915 Ill. App. LEXIS 842

CourtAppellate Court of Illinois

DecidedApril 26, 1915

DocketGen. No. 20,244

StatusPublished

This text of 192 Ill. App. 420 (Lyon & Healy v. Baxter) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Lyon & Healy v. Baxter, 192 Ill. App. 420, 1915 Ill. App. LEXIS 842 (Ill. Ct. App. 1915).

Pincite

Opinion

Me. Justice McSueely

delivered the opinion of the court.

Plaintiff brought suit in the Municipal Court against the defendant, John S. Baxter, on the following instrument :

“$945.00 Chicago, Ill., Jan. 14, 1910.

For value received, we promise to pay to the order of Lyon & Healy, at their office in Chicago, Ill., with current exchange and with interest from date at the rate of six per cent per annum, the full sum of Nine Hundred Forty-five Dollars, payable in installments as follows: The sum of Thirty dollars on the 14th day of February, 1910, and a like sum on the 14th day of each month thereafter; the last installment becoming due on the 14th day of September, 1912; and if any installment be not paid when due, then at the option of the holder of this note all unpaid installments shall become at once due and payable. This note is secured by chattel mortgage.

John S. Baxter,

Agney B. Baxter.”

The only matter in dispute was whether defendant was obligated to pay interest; the amount of interest is not in controversy. By his affidavit of defense defendant alleged a verbal agreement that he was not to pay interest, and upon the trial testified to such an agreement made with a salesman of the plaintiff. Defendant can read and write perfectly, is a man of intelligence, and understood that he was sighing a promissory note. Subsequently the trial court held that parol evidence was inadmissible to contradict or vary the terms of the instrument, and prepared and marked “held” the following proposition:

‘1 The court decides this question upon the language of the note itself and the evidence as to the manner of payment with no reference to conversations between the parties before the note was executed.”

He then found the issues for the defendant and against the plaintiff.

Defendant does not appear in this court to suggest any construction of the language of the note or anything concerning the manner of payment which would relieve him from the obligation to pay interest. We are not informed as to the particular considerations which led the trial court to hold as he did. After examining the instrument in question no sufficient reason occurs to us for holding inoperative the promissory provision to pay “interest from date at the rate of six per cent per annum.” We must therefore reverse the judgment, and as there is no controversy over the amount, judgment will be entered in this court' for the plaintiff for the amount of interest claimed from the defendant.

Reversed with judgment in this court.

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Me. Justice McSueely

delivered the opinion of the court.

Plaintiff brought suit in the Municipal Court against the defendant, John S. Baxter, on the following instrument :

“$945.00 Chicago, Ill., Jan. 14, 1910.

For value received, we promise to pay to the order of Lyon & Healy, at their office in Chicago, Ill., with current exchange and with interest from date at the rate of six per cent per annum, the full sum of Nine Hundred Forty-five Dollars, payable in installments as follows: The sum of Thirty dollars on the 14th day of February, 1910, and a like sum on the 14th day of each month thereafter; the last installment becoming due on the 14th day of September, 1912; and if any installment be not paid when due, then at the option of the holder of this note all unpaid installments shall become at once due and payable. This note is secured by chattel mortgage.

John S. Baxter,

Agney B. Baxter.”

The only matter in dispute was whether defendant was obligated to pay interest; the amount of interest is not in controversy. By his affidavit of defense defendant alleged a verbal agreement that he was not to pay interest, and upon the trial testified to such an agreement made with a salesman of the plaintiff. Defendant can read and write perfectly, is a man of intelligence, and understood that he was sighing a promissory note. Subsequently the trial court held that parol evidence was inadmissible to contradict or vary the terms of the instrument, and prepared and marked “held” the following proposition:

‘1 The court decides this question upon the language of the note itself and the evidence as to the manner of payment with no reference to conversations between the parties before the note was executed.”

He then found the issues for the defendant and against the plaintiff.

Defendant does not appear in this court to suggest any construction of the language of the note or anything concerning the manner of payment which would relieve him from the obligation to pay interest. We are not informed as to the particular considerations which led the trial court to hold as he did. After examining the instrument in question no sufficient reason occurs to us for holding inoperative the promissory provision to pay “interest from date at the rate of six per cent per annum.” We must therefore reverse the judgment, and as there is no controversy over the amount, judgment will be entered in this court' for the plaintiff for the amount of interest claimed from the defendant.

Reversed with judgment in this court.

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Bluebook (online)

192 Ill. App. 420, 1915 Ill. App. LEXIS 842, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lyon-healy-v-baxter-illappct-1915.