Midland Loan Finance Co. v. Madsen

Thomas Gallagher, Justice.

Action for damages arising out of defendant’s transfer to plaintiff of a usurious conditional sales contract for the sale of a certain Cord automobile by defendant to H. W. Lorentz. The trial court made findings and ordered judgment in favor of plaintiff. Defendant appeals from an order denying his alternative motion for amended findings or a new trial.

During the year 1937, defendant was engaged as a distributor and retail dealer in Cord automobiles in Minneapolis. Plaintiff was engaged in the automobile finance business there. It employed a solicitor who called on…