Seymour v. Continental Life Insurance
Supreme Court of Connecticut
Debt, for tlie recovery of usurious interest claimed to have been received of the plaintiffs by the defendants; brought to the Superior Court in Hartford County, and tried to the court on the general issue before Granger, J. The court found the following facts:— The following note was executed, at the time it bears date, by the plaintiffs, who were then, and are still, husband and wife.
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Debt, for tlie recovery of usurious interest claimed to have been received of the plaintiffs by the defendants; brought to the Superior Court in Hartford County, and tried to the court on the general issue before Granger, J. The court found the following facts:— The following note was executed, at the time it bears date, by the plaintiffs, who were then, and are still, husband and wife. “112,000. “Hartford, Sept. 21st, 1872. “On demand we promise to pay to the order of the Continental Life Insurance Company, twelve thousand dollars, with interest at the rate of eight per cent, per annum,…
1Opinion of the CourtCarpenter, J.
In Hubbard v. Callahan, 42 Conn., 524, a note was made payable in one year after date, with interest after due at the rate of fifteen per cent, per annum. The contract when made was legal; when the note fell due the law forbade the taking of a greater .rate of interest than seven per cent. This court held that the plaintiff was entitled to recover fifteen per cent, interest after due.
In Suffield Eccl. Society v. Loomis, 42 Conn., 570, the note was payable in three years after date, with no contract for interest after maturity. The contract rate of interest was above the legal rate after the…
2Cases cited2 opinions
- Hubbard v. CallahanSupreme Court of Connecticut · 1875
- First Ecclesiastical Society v. LoomisSupreme Court of Connecticut · 1875
3Cited by8 opinions
- Agency of Canadian Car & Foundry Co. v. American Can Co.Court of Appeals for the Second Circuit · 1919
- Union Institution for Savings v. City of BostonMassachusetts Supreme Judicial Court · 1880
- Trustees of the Old Alms-House Farm v. SmithSupreme Court of Connecticut · 1885
- Curtis v. SmithSupreme Court of Connecticut · 1903
- Simpson v. HallSupreme Court of Connecticut · 1879
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