Brown v. Crandall

OxnEr, Justice.

This appeal involves the question of usury.

Defendant purchased from plaintiff certain sawmill machinery and to secure a portion of the purchase price, executed and delivered to him a note for $1,320.00, payable in twelve monthly installments of $110.00 each, secured by a chattel mortgage on the property. After making payments aggregating $1,073.52, defendant defaulted. This action was thereafter brought to recover possession of said sawmill machinery. After admitting the execution of the note and chattel mortgage and the correctness of the payments set out in the complaint,…