Heine v. Schendel

OPINION

SEERDEN, Justice.

This is a usury case. Roy Heine, Jr. appeals from an adverse judgment rendered in favor of Clarence Schendel who, Heine alleged, charged him a usurious rate of interest in the form of a price reduction for services rendered. We affirm the judgment of the trial court.

Heine was in the business of providing bulldozing services; he had done occasional work for Schendel. In late 1982, Heine decided to purchase a newer, larger, bulldozer to increase his productivity and to expand his business. After he was unable to obtain the appropriate financing, he approached Schendel…