Rimco Enterprises, Inc. v. Texas Electric Service Co.

OPINION

MASSEY, Chief Justice.

This is a suit for collection of a debt Rimco Enterprises, Inc., allegedly owes Texas Electric Service Company (TESCO). In the trial court RIMCO denied receipt of service and raised usury as an affirmative defense by way of counterclaim, seeking to recover all penalties of usury, including cancellation of principal, double the amount of interest, and reasonable attorney’s fees. TESCO prevailed in a trial to the court, where RIMCO’s usury counterclaim was also found to be without merit and denied.

RIMCO has appealed on two points of error. The first states that…