Crabb v. Comer

Appellant, as trustee for the Meridian Fertilizer Factory, a corporation, filed his bill to reform and foreclose a deed of trust given by appellee to the Factory. The defense was that the secured note embraced usury of more than 20' per cent, and was, in consequence, wholly unenforcible. The defense was sustained by the trial court.

The material facts are that appellee is a farmer residing a few miles from Booneville in Prentiss County. On February 8, 1938, the Factory appointed appellee as its ag’ent to sell its fertilizer in that territory. The contract between them was in writing, and…