Davis v. Volunteer State Life Ins. Co.

WILLIAMS, Justice.

This litigation involves the question of usury. Mrs. Ruby Davis and husband, plaintiffs below, executed and delivered to Bonner Loan & Investment Company a ■series of notes dated November 1, 1925, in the sums of $100, $150, $150 and $1,100, due November 1, 1926, 1927, 1928, and 1935, respectively, bearing 7% interest per. annum ■evidenced by coupons attached to the notes. This series, secured by a first .deed of trust lien on 75 acres of land in Franklin County, was, with the lien, promptly assigned to -.the Volunteer State Life Insurance Company, defendant below. As part of…