United Tire & Investment Co. v. Trone

This action was instituted by the defendant in error, hereinafter referred to as plaintiff, against the plaintiff in error, hereinafter referred to as defendant, to recover the penalty prescribed for the exaction of usury.

The facts as shown by the record will be briefly stated. On or about April 5, 1938, the plaintiff sought to purchase a used automobile from one C. L. Laughlin, a dealer in used cars. Plaintiff lacked the sum of $4'5 of having sufficient money with which to pay for said automobile. The necessary amount was obtained from the defendant, and at the same time the plaintiff…