Preece v. Burns' Administrator

Opinion of the Court by

Stanley, Commissioner—

Affirming.

The appellants, Philip Preece and R. C. Burton, assign three reasons why the judgment against them on a $5,000 note should not have been rendered and should now be reversed. As the last of several successive renewals they, with the three officers and only stockholders of the Hope Construction Company, as accommodation indorsers, signed its note to Mrs. Cora Burns, dated December 24, 1930, due March 15,1931, and calling for 10 per cent, interest. The court undertook to purge the debt of usury and no question is here raised as to' the…