Parker v. Bryce

SANDLER, Associate Justice.

Appellant, as plaintiff in lower Court, instituted suit against Appellee (defendant) to recover principal and interest on seven promissory notes, each note being payable ninety (90) days from date. Three bore interest after maturity at 10% per annum, and four of them after maturity bore interest at 8% per annum.

Defendant interposed the defense of usury, in that the interest exacted by the said notes and the contract, pursuant to which the notes were given, exceeded 25% per annum. The defendant also filed a counterclaim seeking to recover in excess of $72,-000 in…