Simpson v. Cox Corporation

Plaintiff sued defendants on a promissory note for $3,500, due ninety days from date, with interest at seven per cent per annum. Defendants’ answer to the action on the note was the defense of usury. Plaintiff replied, alleging that defendants solicited plaintiff to join in the venture of purchase and sale of scrap steel, on some of which defendants had secured an option, and for which defendants had secured buyers in the Orient. The reply also contained the allegations that an agreement had been entered into between plaintiff and defendants, by the terms of which plaintiff should advance…