Legal Opinion

Raby v. Commercial Banking Corp.

Superior Court of Pennsylvania

Decided June 17, 1966No. Appeal, 519PublishedCited by 10 opinions

1Opinion of the Court

Opinion by

Jacobs, J.,

The question in this case is whether an individual who co-signs a note with a corporation for a loan can recover alleged usurious interest paid by her to the lending institution. After trial at which a jury had been waived, the lower court found for the defendant lending institution. We affirm.

The facts, viewed in the light most favorable to the verdict-winner, establish that on May 31, 1960, a property improvement contract and note were executed in the principal amount of $52,207, providing for repayment to Commercial Banking Corporation (“Commercial”) within 36 months.…

2Cases cited8 opinions

  1. General Phoenix Corp. v. CabotNew York Court of Appeals · 1949
  2. Dahmes v. Industrial Credit Co.Supreme Court of Minnesota · 1961
  3. General Motors Acceptance Corp. v. LarsonNew Jersey Court of Chancery · 1932
  4. First National Bank & Trust Company v. StolarSuperior Court of Pennsylvania · 1937
  5. Pardee v. FetterMichigan Supreme Court · 1956

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3Cited by10 opinions

  1. White v. Household Finance CorporationIndiana Court of Appeals · 1973
  2. AJ Armstrong, Inc. v. Janburt Embroidery Corp.New Jersey Superior Court Appellate Division · 1967
  3. Meadow Brook National Bank v. RecileDistrict Court, E.D. Louisiana · 1969
  4. Williams v. Security Savings & Loan Ass'nCourt of Appeals of Wisconsin · 1984
  5. Charmoll Fashions, Inc. v. OttoSupreme Court of Minnesota · 1976

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