Carter v. Carusi
Supreme Court of the United States
IN ERROR' TO THE SUPREME COURT OP THE DISTRICT OP COLUMBIA. •The Revised Statutes of the United States relating to the District of Columbia provide as follows: “ § 715. If any person or corporation shall contract to receive . a greater rate of interest than ten per cent, upon any contract iir writing, or six per cent, upon any verbal contract, such person or corporation shall forfeit the whole of the interest so contracted to be received, and shall be entitled only to…
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IN ERROR' TO THE SUPREME COURT OP THE DISTRICT OP COLUMBIA. •The Revised Statutes of the United States relating to the District of Columbia provide as follows: “ § 715. If any person or corporation shall contract to receive . a greater rate of interest than ten per cent, upon any contract iir writing, or six per cent, upon any verbal contract, such person or corporation shall forfeit the whole of the interest so contracted to be received, and shall be entitled only to recover the principal sum due to such person or corporation. “ § 716. If any person or corporation within the District .shall…
1Opinion of the CourtJustice Woods
He recited the facts as above stated, and continued:
We are of opinion that there is no error in the charges given or in the refusal to charge as requested. The sections of the Revised Statutes relating, to the District of Columbia were correctly construed by the court. Their meaning is plain. § 715 provides for the case where the party contracts to receive a greater rate of interest than ten per cent, upon a written and six per cent, upon a verbal contract, and declares that he shall forfeit the whole interest so contracted to be received, and shall recover only his principal debt. The…
2Cases cited10 opinions
- Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
- Pleasants v. FantSupreme Court of the United States · 1875
- Commissioners of Marion County v. ClarkSupreme Court of the United States · 1877
- Barnet v. National BankSupreme Court of the United States · 1879
- Parks v. RossSupreme Court of the United States · 1851
5 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- McBroom v. Scottish Mortgage & Land Investment Co.Supreme Court of the United States · 1894
- Ah Fook Chang v. United StatesCourt of Appeals for the Ninth Circuit · 1937
- Westman v. DyeCalifornia Supreme Court · 1931
- Ex Parte United StatesCourt of Appeals for the Seventh Circuit · 1939
- Hardy-Burlingham Mining Co. v. BakerCourt of Appeals for the Sixth Circuit · 1926
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