Wood v. Angeles Mesa Land Co.

PARKER, J., pro tem.

The action was brought by plaintiffs to obtain relief under the Usury Act. The real controversy is between plaintiffs and the Angeles Mesa Land Company. The bank is a party for the reason that in a certain trust deed executed by plaintiffs’ the bank was a trustee. Therefore, when we refer to defendant or appellant we mean the Angeles Mesa Land Company, which by abbreviation we will call the Land Company.

In the court below appellant contended, from the outset on through every step of the trial, that the complaint of plaintiffs stated no -cause of action. The same contention…