Carter and Carter v. Leon Loan and Finance Co.

The facts out of which this case arises may be summarized as follows: In May, 1927, Milton E. Parker sold W. H. Carter a house and lot for $6,600 of which $2,100 was paid in cash. T. S. Green agreed to finance the balance of $4,500 on the basis of ninety-six payments of $69.80 each, said payments to include principal and interest, payable on the first of each month. Carter made several payments on the contract and" then let his payments lapse. He contended among other things that he was being charged too much interest.

In August, 1930, a new contract was entered into between Carter and Leon…