Jones v. Holcombe
Supreme Court of Georgia
Interest and usury. Promissory notes. Contracts. Before Judge Rioe. Gwinnett Superior Court. March Term, 1878. Reported in the opinion.
1Opinion of the Court
Jackson, Judge.
This was an appeal from the justice court, and came up de novo to the superior court. The suit was on four notes, each for $94.60, dated January 4th, 1876, and payable one day after date, and agreed in the superior court to be tried together. They were given for excess of interest for the loan of money, borrowed on the 18th of June, 1873. The question is, can this excess of interest be recovered ?
When the money was borrowed, the contract at 18 per cent, would have been good had it been in writing; but it was verbal. It was, therefore, bad. See acts of 1873, p. 52.
But it is…
2Cases cited1 opinion
- Broach v. BarfieldSupreme Court of Georgia · 1876
3Cited by1 opinion
- Cheapstead v. FrankSupreme Court of Georgia · 1884