Bank v. . Lutterloh
Supreme Court of North Carolina
1Opinion of the Court
The plaintiff bank alleged that on the 4 March, 1875, the defendant Lutterloh promised, by his promissory note, to pay his co-defendant, T. J. Jones, the sum of three hundred and fifty-five dollars, sixty days thereafter, with interest at eight per cent from maturity; and that the defendant Jones endorsed the same to plaintiff.
The defendants, answering, alleged that the note was given in renewal of a prior obligation, and that both were usurious; that plaintiff, in taking the renewal note sued on, charged and received from defendants, as interest in discounting the same, eighteen per cent, or…
2Cases cited3 opinions
- Moore v. . BeamanSupreme Court of North Carolina · 1893
- Cobb v. . MorganSupreme Court of North Carolina · 1880
- Webb v. . BishopSupreme Court of North Carolina · 1888