Denson v. Peoples Bank

1. Where a person borrowed a sum of money with which to discharge a promissory note and contract (the lender making its-check to the holder of the note and the contract, and taking a transfer of the same with knowledge that it was usurious), and executed another note and contract to the lender, such last note and contract was a renewal of the note and contract so paid off by the lender, and was subject to the equities existing between the original parties. Cairo Banking Co. v. Hall, 42 Ga. App. 785 (157 S. E. 346).

2. Where such lender knew that the original note and contract included in the…