Bishop v. Rider
New York County Courts
1Opinion of the CourtPatterson, J.
The plaintiff brings this action to foreclose a mortgage on property in Rockland county.
The defendants plead the defense of usury.
The facts, or so much thereof as are germane to the issue, are as follows:
In August, 1928, the defendant Fremónt S. Rider applied to the plaintiff for a loan of $5,000. What led up to the necessity for this loan will perhaps prove helpful.
In 1926 the Nova Corporation, of which Mr. Rider at that time owned ninety per cent of the stock, was the owner of a tract of land in Florida, the actual investment in which was $32,800. Mr. Rider needed $5,000 in cash, and…
2Cases cited8 opinions
- Thurston v. . CornellNew York Court of Appeals · 1868
- Schermerhorn v. . TalmanNew York Court of Appeals · 1856
- Quackenbos v. . SayerNew York Court of Appeals · 1875
- Hall v. Eagle InsuranceAppellate Division of the Supreme Court of the State of New York · 1912
- Birdsall v. . PattersonNew York Court of Appeals · 1872
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3Cited by4 opinions
- National Equipment Rental, Ltd. v. StanleyDistrict Court, E.D. New York · 1959
- Sultan v. Central Life InsuranceMichigan Supreme Court · 1942
- In re Greenwich Retail Group LLC v. Moby Capital, LLC, et al.United States Bankruptcy Court, S.D. New York · 2026
- Schneider v. LanerAppellate Division of the Supreme Court of the State of New York · 1938