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MacCOLLUM v. AMERICAN FLETCHER NAT. BANK & TRUST CO.

No. 1-572A6.

287 N.E.2d 265 (1972)

M.W. MacCollum, Appellant, v. AMERICAN FLETCHER NATIONAL BANK & TRUST COMPANY, As Administrator of the Estate of Harold B. Metcalf, Deceased, Appellee.

Court of Appeals of Indiana, First District.

September 14, 1972.

Attorney(s) appearing for the Case

Raymond S. Robak, Greenfield, for appellant.

Ice, Miller, Donadio & Ryan, Indianapolis, Williams, Cone & Billings, Greenfield, for appellee.

ROBERTSON, Presiding Judge.

On May 10, 1963, appellant (MacCollum) made a loan to the appellee's decedent (Metcalf), in the amount of $2,400 for which Metcalf issued to MacCollum his promissory note for $3,000 (representing $2,400 in principal and $600 in interest), payable one year from the date of the loan. The loan was timely repaid on May 10, 1964, and the promissory note marked "paid" and signed by MacCollum. However, MacCollum agreed to allow Metcalf, a professional...

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