A Beaumont company is suing a Houston company alleging breach of contract because of an unpaid debt.
Doguet's Rice Milling Co. filed suit against Perfected Foods Corp. on June 10 in Jefferson County District Court.
According to the complaint, a promissory note between Perfected Foods Corp. and Doguet's Rice Milling Co., dated March 11, 2014, was signed by Perfected Foods' President David Ehrhardt. The original principal amount, as stated in the note, was $59,959.91, borrowed at an annual interest rate of 6 percent.
Ehrhardt further promises that Perfected Foods will pay $1,000 per month beginning April 1, 2014, until the principal and interest have been paid in full; if possible, the note says, the borrower will make all efforts to pay $5,000 a month. The note adds that if the borrower defaults on the payment, the lender may declare the unpaid principal balance and earned interest due immediately. "To date, the defendant has failed to honor the terms and conditions of the promissory note," according to the lawsuit.
Also, according to the note, Perfected Foods Corp. will pay attorney's fees and court costs, should the unpaid debt become a court case. The plaintiff also seeks damages of $100,000 to $200,000 and also requests a jury trial.
Plaintiff's attorney is Chris M. Portner of Portner, Bond, PLLC, of Beaumont.
Jefferson County District Court case number A-197229.