Cafaro Northwest Partnership v. White

The majority opinion relies on previous cases issued by this court for its conclusion that appellee is owed eighteen percent interest on unpaid rents. Those earlier decisions were premised on R.C. 1701.68 for the argument that, as state law prohibits corporations from claiming usury in reference to their corporate obligations, there must be no maximum interest rate for corporations. R.C. 1701.68 does state that no corporate “evidence of indebtedness” shall be “set aside, impaired, or adjudged invalid by reason of anything contained in laws prohibiting usury or regulating interest rates.” I…