National Bond & Investment Co. v. Atkinson

LUMPKIN, Justice.

This is a usury case. On October 8, 1951, the appellee, Earl G. Atkinson, purchased a second-hand automobile from a Dallas second-hand car dealer known as “Goss on Ross, Tradin’ Hoss.” In the course of the transaction, the appellee executed his note for the principal sum of $868.50, payable to the dealer. It was later discounted by Goss on Ross to the appellant, National Bond & Investment Company. This action was brought by the ap-pellee against the appellant for the cancellation of the note, mortgage and other instruments which were executed in connection with the sale of…