Legal Opinion
Missouri-Kansas-Texas Railroad v. Fiberglass Insulators
Court of Appeals of Texas
Decided March 20, 1986No. 01-85-0545-CVPublishedCited by 13 opinions
1Opinion of the Court
OPINION
COHEN, Justice.
Neither a borrower, nor a lender be; For loan oft loses both itself and friend,...
Shakespeare, Hamlet, I, iii, 75.
Missouri-Kansas-Texas Railroad Company (MKT) sued Fiberglass for $9,290.00 and “interest” for failure to pay demur-rage due pursuant to a written contract. The jury found for MKT on all issues, but the court granted Fiberglass a judgment notwithstanding the verdict for damages of $11,469.00, based on usury. The trial judge ruled that, during the trial, MKT had committed usury when Frank Listvan, MKT’s accounts manager, requested an award of 10 percent…
2Cases cited45 opinions
- Simmons v. United StatesSupreme Court of the United States · 1968
- Cavnar v. Quality Control Parking, Inc.Texas Supreme Court · 1985
- Watkins v. JunkerTexas Supreme Court · 1897
- Phillips Petroleum Co. v. Stahl Petroleum Co.Texas Supreme Court · 1978
- Walker v. Temple Trust Co.Texas Supreme Court · 1935
40 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Perry Roofing Co. v. OlcottTexas Supreme Court · 1988
- Kern Oil & Refining Co., Plaintiff/counter-Defendant/appellee v. Tenneco Oil Company, Defendant/counter-Claimant/appellantCourt of Appeals for the Ninth Circuit · 1988
- Allied Bank West Loop, N.A. v. C.B.D. & Associates, Inc., Texas Court of Appeals, 1st District (Houston)1987
- Thomas C. Cook, Inc. v. Rowhanian, Texas Court of Appeals, 8th District (El Paso)1989
- Augusta Development Co. v. Fish Oil Well Servicing Co., Texas Court of Appeals, 13th District1988
8 more not listed; retrieve them via the Exa API.