First Ecclesiastical Society v. Loomis
Supreme Court of Connecticut
Assumpsit upon a note; brought to the Superior Court in Hartford County. Facts found and case reserved for advice. The case is sufficiently stated in the opinion.
1Opinion of the CourtPardee, J.
On the 10th day of December, 1869, the defendant executed and delivered to the plaintiffs his promissory note for $2,500 payable three years from date, with semiannual interest at the rate of 7fV per cent, per annum. The then existing statute of usury affected that part of this contract which concerns the payment of interest, avoiding the plaintiffs’ right to demand, and the defendant’s legal duty to pay it.
But although this part of the contract could not be enforced at the time of its inception, there yet remained upon him an equitable and moral obligation to pay the principal of the debt…
2Cases cited3 opinions
- Adams v. WaySupreme Court of Connecticut · 1866
- Beckwith v. Trustees of the Hartford, Providence & Fishkill RailroadSupreme Court of Connecticut · 1860
- Fisher v. BidwellSupreme Court of Connecticut · 1858
3Cited by7 opinions
- Bissell v. DickersonSupreme Court of Connecticut · 1894
- Union Institution for Savings v. City of BostonMassachusetts Supreme Judicial Court · 1880
- Barbour v. TompkinsWest Virginia Supreme Court · 1888
- Simpson v. HallSupreme Court of Connecticut · 1879
- American Savings Life Insurance v. Financial Affairs Management Co.Court of Appeals of Arizona · 1973
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