Risica & Sons, Inc. v. Tubelite

OPINION

NYE, Chief Justice.

This is a usurious interest case. Appel-lee, Tubelite, sued appellant, Risica & Sons, Inc., to recover $42,194.62 as payment for goods and services which it furnished to Risica. Risica counterclaimed, alleging that Tubelite had charged it usurious interest in excess of two times the amount legally authorized. The suit was tried before the court without a jury. The court made findings of fact and conclusions of law. Judgment was entered favorable to Tubelite for $32,920.25 in principal and $9,768.17 in interest, plus $2,000.00 in attorneys fees. By two points of…