Lilly v. DeLaperiere
Supreme Court of Georgia
Interest and Usury. Payment. Pleadings. Before Judge Estes. Hall Superior Court. August Term, 1885. On July 29, 1884, DeLaperiere brought - complaint against C. A. Lilly and John E. Lilly on a promissory note, dated November 28,1880, by the defendants to the plaintiff or bearer for $1,120, with interest at eight per cent; from maturity and attorneys’ fees and cost of collection.
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Interest and Usury. Payment. Pleadings. Before Judge Estes. Hall Superior Court. August Term, 1885. On July 29, 1884, DeLaperiere brought - complaint against C. A. Lilly and John E. Lilly on a promissory note, dated November 28,1880, by the defendants to the plaintiff or bearer for $1,120, with interest at eight per cent; from maturity and attorneys’ fees and cost of collection. On this the following entries of credits appeared: “Received on the within note one hundred and twenty dollars, this'Deeember 1st, 1880. “ Received the interest on this note to November 28,1881, March 1, 1882. “…
1Opinion of the Court
Blandford, Justice.
The note sued on and contract of which it is the evidence were made in November, 1879, after the passage of the act of 14th October, 1879, to regulate and restrict the rate of interest in this State. Acts of 1879, 184. The first section allows eight per centum to be contracted for, and by section two any violation of section one forfeits all interest and excess of interest. The third section fixes seven per cent, as the legal rate of interest, where the rate per cent, is not named in the contract. By the fourth section it enacted, when an action is brought upon a contract…
2Cited by6 opinions
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- Gramling, Spalding & Co. v. PoolSupreme Court of Georgia · 1900
- Crane v. GoodwinSupreme Court of Georgia · 1886
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