Greglon Industries, Inc. v. Bowman

The plaintiff brought this action against the defendants, A. Hunter Bowman (Bowman) and his wife, Carolyn R. Bowman, to recover money loaned on a promissory note. In their answer, the defendants alleged several special defenses, including that the interest rate charged on the promissory note was usu*133rious. The defendants appeal from the judgment of the trial court accepting an attorney trial referee’s recommendation that a $50,000 judgment, the face amount of the challenged promissory note, be rendered for the plaintiff.1 The defendants claim that, with respect to their special defense of…