Cox v. Massachusetts Mutual Life Insurance
Illinois Supreme Court
Appeal from the Appellate Court for the Third District; —heard in that court on appeal from the Circuit Court of McLean county; the Hon. Franklin Blades, Judge, presiding.
1Opinion of the CourtJustice Sheldon
This is an appeal from a decree of foreclosure of a mortgage. The error assigned is in finding against the defence of usury, which was set up.
In 1875, Thomas J. Cox borrowed of the Massachusetts Mutual Life Insurance Company, through one Tillotson, at Bloomington, $3000, executing his note to the company for that sum, bearing ten per cent interest, (the highest legal rate of interest,) and giving a mortgage to secure the payment of the note, upon the land described in the bill. At the time, Cox allowed to Tillotson a commission of five per cent, ($150,) which was retained by the latter from…
2Cases cited3 opinions
- Payne v. NewcombIllinois Supreme Court · 1881
- Ballinger v. BourlandIllinois Supreme Court · 1877
- Philips v. . MacKellarNew York Court of Appeals · 1883
3Cited by8 opinions
- Brown v. Lasalle ArcherMissouri Court of Appeals · 1895
- Hughes v. GriswoldSupreme Court of Georgia · 1889
- Haldeman v. Massachusetts Mutual Life InsuranceIllinois Supreme Court · 1887
- Massachusetts Mutual Life Insurance v. BoggsIllinois Supreme Court · 1887
- Callender v. RobertsAppellate Court of Illinois · 1885
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