Plyler v. McGee
Supreme Court of South Carolina
Before Aldrich, J., Greenville, March, 1906. Action by Mary T. Plyler against B. M.' McGee. From judgment for plaintiff, defendant appeals. cites: Collection of ■usurious interest through mistake is not usury: 68 S. C., 110; Bailey v. Mitchell, 57 S. C.; 51 S. C., 550; 73 S. C., 363; 37 Ency., 971; 1 Bail., 505. To constitute usury the interest must be taken on a contract made when money is loaned: 39 Ency., 453, 481, 483; Webb on Usury, secs. 18, 30; 37 Ency., 996; 4 N. Y.,…
Read the full summary
Before Aldrich, J., Greenville, March, 1906. Action by Mary T. Plyler against B. M.' McGee. From judgment for plaintiff, defendant appeals. cites: Collection of ■usurious interest through mistake is not usury: 68 S. C., 110; Bailey v. Mitchell, 57 S. C.; 51 S. C., 550; 73 S. C., 363; 37 Ency., 971; 1 Bail., 505. To constitute usury the interest must be taken on a contract made when money is loaned: 39 Ency., 453, 481, 483; Webb on Usury, secs. 18, 30; 37 Ency., 996; 4 N. Y., 363; 4 Pet., 305. Penalties must be strictly construed: 13 Ency., 55; 101 U. S., 188; 3 Hill, 96; 36 S. C., 390. If…
1Opinion of the Court
The opinion of the Court was delivered by
Mr. Justice Woods.
This action was brought under' the usury statute to recover seven hundred and forty-two dollars and'- seventy-two cents, double the amount of all interest paid on a note of which the following is a copy:
“$700.00. Greenville, S. C., Nov. 25th, 1898.
On December 1st, 1899, after date, we or either of. us, I promise to pay to the order of B. M. McGee, and payable át Greenville, S. C., without offset, the sum of seven hundred no-100 dollars, for value received. Interest after maturity at the rate of eight per cent, per annum until paid,…
2Cases cited4 opinions
- Carolina Savings Bank v. ParrottSupreme Court of South Carolina · 1888
- Rushton v. WoodhamSupreme Court of South Carolina · 1904
- Ehrhardt v. VarnSupreme Court of South Carolina · 1898
- Mitchell v. BaileySupreme Court of South Carolina · 1900
3Cited by2 opinions
- Tate v. LenhardtSupreme Court of South Carolina · 1818
- Teshner v. RoomeOregon Supreme Court · 1922