B. F. Dittmar Co. v. Adleson

BICKETT, Chief Justice.

This is an appeal from a judgment which was rendered in favor of Harry Y. Adleson and wife, Sarah W. Adleson, against B. P. Dittmar Company, a corporation, for the sum of $3,852, as a statutory penalty for usurious interest received, and which was based on the theory that the borrower under a usurious note that had been fully paid could claim a forfeiture of all interest, regard all payments as upon principal, and recover double the amount of all payments in excess of the principal amount

Harry Y. Adleson and Sarah W. Adleson executed and delivered a promissory note for…