La Farge v. Herter

The usurer is not allowed to show that an obligation, which he has taken in satisfaction of a prior demand, is usurious and therefore void, in order to avoid the effect of such obligation as a satisfaction of the prior demand.

One having a judgment against principal and surety, and execution levied upon sufficient property to satisfy it, received from the principal a mortgage npon lands for a sum exceeding the amount due on the judgment, the excess being intended as a premium beyond seven per cent, for forbearance, and the execution was indorsed “Satisfied” by the plaintiff’s attorney. After…