Legal Opinion

Bank v. . Lutterloh

Supreme Court of North Carolina

Decided June 5, 1879Published

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

  1. Moore v. . BeamanSupreme Court of North Carolina · 1893
  2. Cobb v. . MorganSupreme Court of North Carolina · 1880
  3. Webb v. . BishopSupreme Court of North Carolina · 1888

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