Manning v. Christian

Mr. Judge GERMAN

delivered the opinion of the Commission of Appeals.

This is a case of usury. A full statement of the nature and result of the suit, and of the controlling facts is found in the opinion of the Court of Civil Appeals reported in 59 S. W. (2d) 234. We shall therefore mention only such matters as are essential to a disposition of the decisive questions in the case.

The principal note was for $15,000.00 dated September 20, 1922, and due January 31, 1933. It bore interest at the rate of 7% per annum, the interest being evidenced by eleven coupons, which were to bear interest after…