Sledge v. Murphy

TIREY, Justice.

This action is one for damages growing out of the enforcement of several alleged usurious contracts executed between the same parties. The jury in its verdict found substantially (1, 2 and 3) that in March 1950 the defendant Sledge agreed to sell the plaintiff a 1941 Ford automobile for $295 and that the amount of money in excess of the $295 that plaintiff paid on the agreed purchase price to defendant on the purchase of said 1941 Ford automobile was the sum of $101.50, and that such sum was compensation to plaintiff in excess of ten per cent per annum for the use or detention…