Haley v. Greenhaw

Carleton Harris, Chief Justice.

The sole question on this appeal is whether a certain transaction was usurious. The facts leading to the litigation are as follows:

Mrs. Mildred Haley, appellant herein, was granted a divorce from Dr. K. J. Haley on May 23,1959. Prior thereto, the parties had entered into a property settlement which included, inter alia, the provision that the doctor would pay Mrs. Haley $500 in cash and execute a promissory note in her favor in the principal sum of $4,200, payable in monthly installments of $150 per month. The payments were to commence on June 1, 1959, and…