Denton v. Ware

LUMPKIN, Justice.

This suit seeks the recovery of an alleged payment of usurious interest. Appellant, O. R.. Denton, filed the suit against the appellee, V. L. Ware, asking for a recovery of $216 or twice the amount of the alleged usurious interest. The case was submitted to the trial .court on an agreed statement of facts which in substance reveals the following circumstances :

The appellee is in the loan business. On January IS, 1948, the appellant applied to the appellee for a loan of $600, and the parties entered into an agreement whereby the loan was made. The agreement or contract reads…