Security Finance Co. v. Gentry

109 So. 220, 91 Fla. 1015
Supreme Court of Florida·Decided June 2, 1926·Published·Cited by 24 cases

Opinion

Buford, J.

— This case is on writ of error to the Circuit Court of Escambia County from an order of the Circuit Judge that in effect denied a motion to set aside an affidavit of illegality of execution. The denial o'f the motion is in effect a. final judgment in the proceedings attacking the execution from which writ of error will lie.

*1016 The declaration was in the following language:

‘ ‘ The Security Finance Company, by its attorneys, Leroy V. Holsberry and L. V. Trueman, sues the defendants, "Walter H. Gentry and Lee E. Gentry and Fred Simms, formerly trading as Home Bakery, for that by paper writing, commonly known as a note, dated April 28, 1923, the said defendant agreed to pay J. D. Anderson ten (10) installment’s,' one due on the 28th of each successive month thereafter; the payments being for twenty-three and 10/100 (.$23.10)' each, with interest thereon on all of said installments, after maturity, at the rate of ten (10) per cent per annum; and .that the said note was signed by the said J. D. Anderson to the plaintiff, the Security Finance Company, and the latter was the owner thereof at and before the institution of this suit.

That the said defendants defaulted in the payments of the installments on said note becoming due on the 28th day of June, A. D. 1923, and said installments remaining unpaid for more than three (3) days after the maturity thereof, .under the terms of said note the residue of said installments became due and payable forthwith; and. that the said defendants having so defaulted, and all the'installments of said note having become due by reason of said default, said truck was surrendered to the plaintiff, voluntarily and sold for the account of the defendants, and the amount thereof was credited first to the extinguishment of the expenses incurred in making such sale, and in carrying said indebtedness, and the residue thereof on said note, leaving a balance due on said note of One Hundred Eleven and 70/100 ($111.70) Dollars, which is more particularly shown by a statement attached hereto. A copy of said note upon which, this suit is based, is attached hereto, marked ‘ Exhibit A. ’

It further provided in said note that the makers, endors *1017 ers and persons thereafter becoming liable each agree to pay all costs of collection or securing, or attempting to collect or secure said note, including an attorney’s fee of. Fifteen ($15.00) Dollars and fifteen (15) per cent of the amount so collected or secured, whether the same be collected or secured by suit or otherwise; and that it became and was necessary for the plaintiff to' place this note in the hands of the attorneys for the plaintiff, to institute this suit for the collection of said indebtedness, and by reason thereof, under the terms of said note, the defendants became and are liable for an attorney’s fee of Fifteen ($15.00) Dollars and fifteen (15) per cent of the amount of said indebtedness.

Yet notwithstanding the premises, and notwithstanding the said note being long past due, the said defendants have not paid the same, nor any part thereof, though often requested so to do, whereby the plaintiff has become entitled to sue the said defendants for the principal amount of said balance due, together with interest, cost and attorney’s fee, and the plaintiff claims damages in the sum of $250.00.

Wherefore it sues.

■LEROY Y. HOLSBERRY,

L. Y. TRUEMAN, •

Attorneys for Plaintiff.

“EXHIBIT A

$231.00 Pensacola, Florida, 4/28, 1923.

“For value received, I promise to pay to the order of J. D. Anderson Two Hundred Thirty:one Dollars payable in installments as indicated in schedule, with interest on each installment after its maturity at the rate of 10% per annum.

‘ ‘ If any installment of this note remains unpaid for more than three days after its maturity, the entire amount unpaid shall become due and payable forthwith, at the elec *1018 tion of the holder of the note. This note is given covering deferred installments under conditional sales contract of even date for a motor vehicle. All makers, endorsers, and persons now or hereafter becoming parties hereto, hereby waive demand and protest, and notice of demand, non-payment and protest. And they each severally agree to pay all costs of collection or securing, or attempting to collect or secure this note, including an attorney’s fee of $15.00 and 15% of the amount so collected or secured, whether the same be collected or secured by suit or otherwise. And all endorsers and sureties agree that this note, or any installment thereof, may, in whole Or in part, be extended or renewed from time to time, without notice to them and without release of their liability hereon. This note is negotiable and payable at any bank.

“HOME BAKERY, W. H. ENTRY (SEAL)

“Schedule of Payments.

“23.10 One month after date. Paid.6/

$23.10 Two months after date.

$23.10 Three months after date.

$23.10 Four months after date.

$23.10 Five months after date.

$23.10 Six months after date $23.10 Seven months after date.

$23.10 Eight months after date.

$23.10 Nine months after date.

$23.10 Ten months after date.

Endorsements on back: 4c Internal

Sold to Security Finance Co., Revenue Stamps eanWithout recourse on me. celled “4/30/23 W. H. G-. ” J. D. Anderson

12/19 Paid by J. L. Burke. Cash........$50.00

103.50 '

153.50

*1019 “STATEMENT OF ACCOUNT.

“1923

10-23 To Paid Journal advertising sale of

truck ........................$ 3.60

12-19 To Paid Salesman Commission.... 12.00

12-20 To Paid Carrying charges on resale of

truck ........................ 10.00

12-20 To Paid. Repairs on truck........ 17.42

•12r26 To Paid Earns premium on insurance ......................... 9.20

19-19. By sale of truck.........-........ $153.50

12-20 To Balance credited on note...... 103.28

$153.50 $153.50

“Amount of purchase money remaining unpaid at time of default.............$207.90

Interest thereon at the time of sale...... 4.90

$212.80

“CREDIT — Sale of .truck balance....... 103.28

$109.52

“Interest on balance to date of- suit...... 2.18

Total due at time of institution of suit.. $111.07

“STATE OF FLORIDA )

COUNTY OF ESCAMBIA. )ss.

Free access — add to your briefcase to read the full text and ask questions with AI

Security Finance Co. v. Gentry, 109 So. 220, 91 Fla. 1015 (Fla. 1926).

109 So. 220 (Security Finance Co. v. Gentry) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Cook v. Walgreen Co.
399 So. 2d 523 (District Court of Appeal of Florida, 1981)
Overholser v. Overstreet
383 So. 2d 953 (District Court of Appeal of Florida, 1980)
Ago
Florida Attorney General Reports, 1979
Alachua County v. Powers
351 So. 2d 32 (Supreme Court of Florida, 1977)
Pan American World Airways v. Gregory
96 So. 2d 669 (District Court of Appeal of Florida, 1957)
Moore v. Boyd
62 So. 2d 427 (Supreme Court of Florida, 1952)