O'CONNOR v. Televideo System, Inc.

Opinion

ELIA, J.

Appellant Televideo System, Inc., appeals from a judgment awarding respondent Mary Ellen O’Connor, as assignee of the claim of Pousto Corporation, $43,800 plus finance charges of $21,024, calculated at 18 percent per annum from August 1985 through April 30, 1988. Televideo’s sole point on appeal is that the finance charges violated the prohibition against usury. We affirm.

Facts and Procedural Background

Pousto, a computer circuit board assembly house operating under the name of Unitronic, performed assembly work for Televideo, a computer manufacturer. After the work was…