Kreisman Law Offices Professional Corporation
On June 14, 1988, Thomas John Heck Jr. executed a note in favor of Paul D. Heck. The note promised to pay $51,000 at 7% interest, compounded annually, with this instruction: “Borrower shall make a single payment on demand within 90 days of demand letter. If payment is not demanded or paid by Borrower, this note will renew automatically in full force of the terms until said note is paid.”
Thomas John Heck Jr. died on Nov. 7, 2016 without Paul Heck ever demanding payment on the note. Paul Heck demanded payment from the Estate of Thomas John Heck Jr. (Estate) on Dec. 8, 2017.
Paul Heck filed suit on Jan. 3, 2018 seeking $362,886.62, plus interest, attorney fees and costs.