Modern Pioneers Insurance Company v. Nandin

McFARLAND, Chief Justice:

Plaintiff-appellant brought an action against defendants-appellees (hereinafter referred to as Nandin) to foreclose a chattel mortgage and a real-estate mortgage. The defense was usury. Both parties made motions for summary judgment. The superior court denied plaintiff’s motion, and sustained defendants’. Plaintiff appealed.

The following facts are undisputed: There is an office building at 811 North Third Street, Phoenix, Arizona. Signs outside the building proclaim that it houses Modern Pioneers Insurance Company (hereinafter referred to as MPI) and Modern Pioneers…