Associates Investment Co. v. Baker

RAYMOND GRAY, Justice.

This is an appeal from a judgment awarding appellee a recovery of double the amount of alleged usurious interest paid to appellant.

The only evidence heard by the trial court, upon a nonjury trial, was the testimony of appellee and certain exhibits in*364troduced in evidence -by the parties. This evidence shows that appellee purchased an automobile from Lucas and Mayfield, used car dealers, for a purchase price of $975. As a part of this purchase price, $475 was allowed appellee as the trade-in value of his automobile, which left a balance of $500 unpaid. For this unpaid…