Matthews v. Tibbitt

BAUGH, Justice.

Tibbitt sued Matthews for $242.08, as penalty for usurious interest alleged to have been charged him on a note executed by Tibbitt and payable to Matthew's. Trial was to the court without a jury and judgment rendered for Tibbitt in the sum of $151.44, on the ground that Matthews had charged and collected from him $75.72 interest on a loan of $458.88, made by Matthews to Tibbitt, payable in monthly installments of $48.60 each, for which he had executed his note for the aggregate sum of $534.60; hence this appeal.

The case arose as follows: On February 12, 1935, Tibbitt purchased…