Simon v. South End Cleaners & Dyers, Inc.
Appellate Court of Illinois
1Opinion of the CourtJustice McSurely
Plaintiff, bringing suit to recover liquidated damages for a breach of a written contract, had judgment for $500 upon an instructed verdict. Defendant appeals.
The breach of the contract is conceded by defendant, and the contract provided that in this event it should pay the sum of $500 as liquidated damages. The defense is that the contract was for a loan from plaintiff to defendant at 6 per cent per annum and the defendant was also to perform other conditions, which amounted to an agreement to pay a usurious rate of interest.
Even if the contract was usurious, this would not avail the…
2Cases cited6 opinions
- Cockle v. FlackSupreme Court of the United States · 1877
- Mosier v. NortonIllinois Supreme Court · 1876
- Wilson v. KirbyIllinois Supreme Court · 1878
- Mason v. PierceIllinois Supreme Court · 1892
- Home Building & Loan Ass'n v. McKayIllinois Supreme Court · 1905
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3Cited by2 opinions
- Computer Sales Corp. v. Rousonelos Farms, Inc.Appellate Court of Illinois · 1989
- Securities & Exch. Com'n v. First Securities Co. of ChicagoDistrict Court, N.D. Illinois · 1973