Dallas Trust & Savings Bank v. Brown

That the interest stipulated for in the promissory notes evidencing the contract in question was usurious, was not questioned in the evidence heard at the trial. While it appeared in that evidence that the notes were made by appellee to appellant, it appeared, further, that appellant had assigned same to the Connecticut Life Insurance Company, and that in receiving and collecting the interest as it did, appellant acted for and as the agent of said insurance company. The contention that by force of the statute referred to in the statement above, appellant nevertheless was liable to appellee as…