French & Davies v. Rowe
Supreme Court of Iowa
Appeal from Scott District Court. This is an action on two promissory notes — one executed directly to the plaintiffs, and the other to Mrs. Ann Cotes, and by her indorsed to plaintiffs. The two notes amounted to tbe balance due Coolc & Sargent upon a series of usurious transactions, embracing more usury than the balance due.
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Appeal from Scott District Court. This is an action on two promissory notes — one executed directly to the plaintiffs, and the other to Mrs. Ann Cotes, and by her indorsed to plaintiffs. The two notes amounted to tbe balance due Coolc & Sargent upon a series of usurious transactions, embracing more usury than the balance due. George B. Sargent, one of said firm, being indebted to plaintiffs, proposed to assign them the claim of Cook & Sargent on the defendants in payment; plaintiffs said they would see defendant and let him know, and thereupon plaintiffs called at defendants’ place of…
1Opinion of the CourtCole, J.
By our statute against usury, it is provided that “ if it shall be ascertained in any suit brought on any contract, that a rate of interest has been contracted for greater than is authorized by this act, either directly or indirectly, in money, property, or other valuable thing, the same shall work a forfeiture of ten per cent per annum upon the amount of such contract to the school fund of the county in which the suit is brought, and the plaintiff shall have judgment for the principal sum, without either interest or costs,” &c. Pev. of 1860, § 1791.
Whether the “ contract ” by the defendants,…
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- Frost v. Saratoga Mutual InsuranceNew York Supreme Court · 1848
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3Cited by4 opinions
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