Legal Opinion
Mandelino v. Fribourg
New York Court of Appeals
Decided November 14, 1968PublishedCited by 21 opinions
1Opinion of the Court
Bergan, J. Plaintiff,
a real estate broker, purchased from defendants a building in Flatbush Avenue, Brooklyn, for $15,500. He paid $1,000 in cash and executed a purchase-money mortgage for $14,500. The purchase-money mortgage in terms required the payment of 7% interest. This was in January, 1964. The statute on usury then in effect (General Business Law, former §§ 370, 371) prescribed the rate of interest “ upon the loan or forbearance of any money, goods, or things, in action ” should *147be 6%. (Of. General Obligations Law, § 5-501, as amd. by L. 1968, chs. 349, 944, 1072.)
The action is to…
2Cases cited20 opinions
- Orvis v. . CurtissNew York Court of Appeals · 1899
- Schermerhorn v. . TalmanNew York Court of Appeals · 1856
- Cutler v. . WrightNew York Court of Appeals · 1860
- Quackenbos v. . SayerNew York Court of Appeals · 1875
- The Dry Dock Bank v. . the American Life Ins. and Trust Co.New York Court of Appeals · 1850
15 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Hammelburger v. Foursome Inn Corp.New York Court of Appeals · 1981
- Szerdahelyi v. HarrisNew York Court of Appeals · 1986
- State v. J. C. Penney Co.Wisconsin Supreme Court · 1970
- Barone v. FrieAppellate Division of the Supreme Court of the State of New York · 1984
- In re MerhiUnited States Bankruptcy Court, E.D. New York · 2014
16 more not listed; retrieve them via the Exa API.