Southwestern Inv. Co. v. Green

This is an appeal from a judgment of the El Paso county court at law for $40.96 as usurious interest and $115, the price received from the sale of an automobile.

Appellee borrowed $150 from appellants and gave a chattel mortgage on a certain Whippet automobile.

P. J. Lorseheider, manager and one of the partners in the Southwestern Investment Company, placed the car in his private garage to keep until the loan was repaid.

Appellee executed ten notes for $16.50 each, payable one each month for a period of ten months. When some of the notes were past due, appellee authorized Lorseheider to sell the…