Stoddard v. Lloyd
Supreme Court of Iowa
Appeal from, Montgomery District Court. — Hon. H. E. Deemer, Judge. Action to recover amounts alleged to be due on three promissory notes made by T. M. Lloyd, and for the foreclosure of a mortgage given to secure their payment. There was a trial on the merits, and a decree for plaintiff. Defendants T. M. Lloyd and Martha Lloyd appeal.
1Opinion of the CourtRobinson, J.
The notes in suit were given on the twenty-fifth day of April, 1884, for an aggregate of six hundred and ninety-two dollars, and provide for the payment of interest annually at the rate of ten per cent, per annum. Appellants claim that the notes are usurious, in that they were given to settle certain judgments which were tainted with usury, and which were rendered corruptly, in furtherance of a usurious contract between the maker of the notes and plaintiff. Appellants also claim that the original consideration for the notes in suit consisted of two, loans, made in the year 1880, one of which…
2Cases cited8 opinions
- Miller v. ClarkeSupreme Court of Iowa · 1873
- Kendig v. MarbleSupreme Court of Iowa · 1880
- Twogood v. PenceSupreme Court of Iowa · 1867
- Kendig v. MarbleSupreme Court of Iowa · 1882
- Troxel v. ClarkeSupreme Court of Iowa · 1859
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