Reagan v. City National Bank, N.A.
Texas Court of Appeals, 11th District (Eastland)
1Opinion of the Court
RALEIGH BROWN, Justice.
This case involves a suit on a note and a counterclaim alleging usury. On October 20,1981, Anna D. Smith borrowed the principal sum of $22,600.00 from City National Bank, N.A., located in Mineral Wells, Texas, for the purpose of purchasing a computer for her bookkeeping business. The rate of interest on the note was 19.5%, and the payments were to be made in 60 installments of $621.17 each. Smith made payments on the note from November of 1981 through August of 1983. On or about January 18,1983, A.D. Stone and City National Bank entered into an agreement whereby Stone,…
2Cases cited16 opinions
- Collora v. NavarroTexas Supreme Court · 1978
- Henderson v. Travelers Insurance Co.Texas Supreme Court · 1976
- Najera v. Great Atlantic & Pacific Tea Co.Texas Supreme Court · 1948
- United Concrete Pipe Corp. v. Spin-Line Co.Texas Supreme Court · 1968
- Schwab v. Schlumberger Well Surveying Corp.Texas Supreme Court · 1946
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