Lamprey v. Mason
Massachusetts Supreme Judicial Court
Two actions of CONTRACT, upon four promissory notes, the two notes in the first case being signed by Sidney Mason, and the two in the second case by(him and his wife, dated February 1, April 15, and May 8,1884, and July 6,1885, each payable to the plaintiff or his order in one month from date, with interest at the rate of two, three, and four dollars “ per month during such term, and for such further time as such principal sum or any part thereof shall remain unpaid.”
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Two actions of CONTRACT, upon four promissory notes, the two notes in the first case being signed by Sidney Mason, and the two in the second case by(him and his wife, dated February 1, April 15, and May 8,1884, and July 6,1885, each payable to the plaintiff or his order in one month from date, with interest at the rate of two, three, and four dollars “ per month during such term, and for such further time as such principal sum or any part thereof shall remain unpaid.” Writs dated July 6, 1887. The answers did not set up fraud in obtaining the notes, but after a general denial, and a special…
1Opinion of the CourtKnowlton, J.
The report presents two cases of great hardship for the defendants, but we can deal with them only by applying the principles of law by which they must be governed.
Under the Pub. Sts. c. 77, § 3, it is lawful for parties to contract for any rate of interest or of discount. The St. of 1888, c. 388, authorizing in all cases the discharge of loans for less than one thousand dollars by paying the principal and interest at the rate of eighteen per cent per annum, and a sum not exceeding ten dollars for the actual expenses of making and securing the loan, applies only to contracts made since its…
2Cases cited8 opinions
- Pierce v. Boston Five Cents Savings BankMassachusetts Supreme Judicial Court · 1880
- Boynton v. HubbardMassachusetts Supreme Judicial Court · 1810
- Trambly v. RicardMassachusetts Supreme Judicial Court · 1881
- Union Institution for Savings v. City of BostonMassachusetts Supreme Judicial Court · 1880
- Brannon v. HursellMassachusetts Supreme Judicial Court · 1873
3 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Union Estates Co. v. . Adlon Construction Co.New York Court of Appeals · 1917
- Ratner v. HillMassachusetts Supreme Judicial Court · 1930
- Silverstein v. SasterMassachusetts Supreme Judicial Court · 1934
- Manganaro Drywall, Inc. v. Penn-Simon Construction Co.Massachusetts Supreme Judicial Court · 1970
- Poorvu v. WeisbergMassachusetts Supreme Judicial Court · 1934
15 more not listed; retrieve them via the Exa API.