Legal Opinion
Country Motors, Inc. v. Friendly Finance Corp.
Wisconsin Supreme Court
Decided May 2, 1961PublishedCited by 15 opinions
1Opinion of the CourtFairchild, J.
Sec. 115.05, Stats., forbids the receipt by anyone of more than 10 per cent per year for a loan of money. Sec. 115.06 provides that contracts reserving a greater rate shall be valid to secure the repayment of the principal sum loaned but no interest shall be recovered (except upon bottomry and respondentia bonds and contracts), “and no corporation shall interpose the defense of usury.” Sec. 115.07 (1),-authorises one who has paid ex cessive interest to recover treble the amount paid in excess of the allowed rate in an action brought within one year after payment. Sec. 115.07 (2) makes the…
2Cases cited11 opinions
- Curtis and Others v. . LeavittNew York Court of Appeals · 1857
- Dorothy v. Commonwealth Commercial Co.Illinois Supreme Court · 1917
- Union National Bank v. Louisville, New Albany & Chicago Railway Co.Illinois Supreme Court · 1893
- Butterworth v. . O'BrienNew York Court of Appeals · 1861
- Southern Life Insurance and Tr. Co. v. . Packer PrenticeNew York Court of Appeals · 1858
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Ayala v. Estado Libre Asociado de Puerto RicoSupreme Court of Puerto Rico · 2001
- Industry to Industry, Inc. v. Hillsman Modular Molding, Inc.Wisconsin Supreme Court · 2002
- Bichel Optical Laboratories, Inc. v. Marquette National BankDistrict Court, D. Minnesota · 1971
- Wiener v. J. C. Penney Co.Wisconsin Supreme Court · 1974
- Snyder v. Woxo, Inc.Nebraska Supreme Court · 1970
10 more not listed; retrieve them via the Exa API.