Batchelor v. Mandigo

Plaintiffs brought an action to recover treble damages under the Usury Law of this state (Stats. 1919, p. lxxxiii; 2 Deering’s Gen. Laws, Act. 3757; Cal. Const., art. XX, § 22), alleging that within one year defendant had taken and received from them interest of $4,801.31 on a loan of $15,000. The trial court, hearing the case without a jury, found that the transaction was not usurious, and judgment was entered that plaintiffs take nothing. Plaintiffs appeal from the judgment and from an order denying their motion to vacate the judgment and enter another and different judgment.

Plaintiffs…