Rabinowich v. Eliasberg

The decree under review on this appeal dismissed a bill of complaint, and dissolved a preliminary injunction, directed against the enforcement of a mortgage securing a loan which the bill alleged to- be usurious. The mortgagor was a corporation, which was formed for the purpose of acquiring and mortgaging the property offered as security for the loan. It is contended that the corporate character thus impressed upon the transaction was unreal and deceptive, and was therefore not effective to enable the lender to charge and retain a commission in excess of the legal rate of interest, by virtue…