Mecey v. Seggern

PHILLIPS, Chief Justice.

Between the years 1973 and 1976, appel-lees Henry and Molly Seggern, ranchers in Elgin, entered into approximately seven oral loan transactions and one written note with appellant Gus Mecey, owner and operator of a local tavern. Mecey advanced sums to the Seggerns for various farm improvements, feed, and a new truck. At the time of filing of suit in October, 1976, five of the loans had been repaid in full, two were not repaid, and one was paid in part.

The Seggerns filed suit against Mecey alleging that he had contracted for or received usurious interest on these…