Rossberg v. Holesapple
Utah Supreme Court
1DissentWade, Justice
I agree that no intention to violate the usury law is necessary, it is sufficient if there is an intention to enter into a contract which in fact violates that law. On that question the narrow issue is whether from the evidence it is *557within the bounds of reason to infer that these parties intended that the extra $100 was an additional interest charge on the loan of $1500, and did not intend that it was a charge for services performed or property rights surrendered by appellants thus increasing the principal of the loan to $1600, in accordance with the provisions of the note. In view of the…
2Cases cited1 opinion
- Seaboard Finance Co. v. WahlenUtah Supreme Court · 1953