Legal Opinion

Hunter v. McClung Realty Co.

Supreme Court of North Carolina

Decided April 29, 1936PublishedCited by 2 opinions

1Per curiam

There was no evidence at the trial of this action tending to show that the payees of the notes sued on received from the defendants interest at a rate in excess of six per centum per annum, or that they charged the defendants interest on said notes at such rate, and thereby became liable for the statutory penalties for usury. C. S., 2306.

All the evidence showed that the sum of $217.50 was paid by the defendants to the Independence Trust Company, and that said sum was not paid to or received by the executors of R. N. Hunter, deceased, to whom the notes are payable.

For that reason, there was no…

2Cited by2 opinions

  1. Insurance Co. v. . SmathersSupreme Court of North Carolina · 1937
  2. Life Insurance Co. of Virginia v. SmathersSupreme Court of North Carolina · 1937

Showing a preview — retrieve the full document via the Exa API.

Powered by the Exa API