Legal Opinion
LaBarr v. Tombstone Territorial Mint
Court of Appeals of Arizona
Decided March 14, 1978No. 2 CA-CIV 2544PublishedCited by 1 opinion
1Opinion of the Court
OPINION
HOWARD, Judge.
A is in need of money. B is a lender of money. A goes to B with a proposal for borrowing money which is usurious. A knows that it is usurious. B knows that it is usurious. B accepts the proposal and lends the money to A. A doesn’t make the payments per their agreement. B sues A for both principal and interest that is due. Is A estopped from asserting he owes no interest because the loan was usurious? That is the issue to be decided here.
Appellees, defendants below, were in desperate need of money to finance a mining operation. They made a loan proposal to the Chase…
2Cases cited19 opinions
- Stock v. MeekCalifornia Supreme Court · 1950
- Janisse v. Winston Investment Co.California Court of Appeal · 1957
- Knight v. RiceArizona Supreme Court · 1958
- Miller v. First State BankCourt of Appeals of Texas · 1977
- Motor Contract Co. v. Van Der VolgenWashington Supreme Court · 1931
14 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- LaBarr v. Tombstone Territorial MintArizona Supreme Court · 1978