New England Mortgage Security Co. v. McLaughlin
Supreme Court of Georgia
Interest and usury. Contracts. Before Judge Smith. Marion superior court. October term, 1889. Reported in the decision.
1Opinion of the Court
Lumpkin, Justice.
McLaughlin gave his note to the New England Mortgage Security Company, promising-therein to pay interest from its date at the rate of 8 per cent, per annum, and secured the same by a mortgage on land in .Georgia, containing the stipulation quoted in the above head-note. The note was made payable in the city of New York. Plaintifis foreclosed said mortgage in the superior court of Marion county. The defence was, that the note being made payable in New York, it must be enforced according to the laws of that State; and as the maximum *2legal rate of interest in said State is six…
2Cases cited4 opinions
- Dugan v. LewisTexas Supreme Court · 1891
- Pancoast v. Travelers InsuranceIndiana Supreme Court · 1881
- Sheldon v. . HaxtunNew York Court of Appeals · 1883
- Lindsay v. HillSupreme Judicial Court of Maine · 1876
3Cited by11 opinions
- C. A. May Marine Supply Company v. Brunswick CorporationCourt of Appeals for the Fifth Circuit · 1977
- Carr v. KupferSupreme Court of Georgia · 1982
- Taylor v. American Freehold Land Mortgage Co. of London Ltd.Supreme Court of Georgia · 1898
- Myers v. Texaco Refining & Marketing, Inc.Court of Appeals of Georgia · 1992
- United States Savings & Loan Co. v. ShainNorth Dakota Supreme Court · 1898
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