Legal Opinion

Wyllis v. Ault

Supreme Court of Iowa

Decided April 20, 1877PublishedCited by 7 opinions

Appeal from Marshall Cwouit Court. Action to foreclose a mortgage. Tlie defendant pleaded usury. The facts are stated in the opinion. Judgment for defendants. Plaintiff appeals.

1Opinion of the CourtAdams, J.

The note secured by the mortgage was executed for $120, and made payable in one year with ten per cent interest. The defendants claim that the note was given for usurious interest upon a loan of money made by them through plaintiff of one Nelson. The plaintiff claims that the note was given for $80 loaned by him to the defendants, and for a claim whieli he had against them for services amounting to $40. The said Nelson, who lived in the State of Maine, had advanced to one Reynolds, who lived in Michigan, the sum *47of $1,000 to be by him loaned on real estate security. This money (or so much…

2Cases cited1 opinion

  1. Gokey v. KnappSupreme Court of Iowa · 1876

3Cited by7 opinions

  1. Schock v. NashSupreme Court of Delaware · 1999
  2. Call v. PalmerSupreme Court of the United States · 1885
  3. Thomas v. DesneySupreme Court of Iowa · 1881
  4. Smith v. WolfSupreme Court of Iowa · 1881
  5. Dalton v. WeberMichigan Supreme Court · 1918

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