Kneher v. Greengrass

Judgment reversed upon the law and the facts, with costs, and judgment directed for defendant upon her counterclaim, with costs, declaring the bond and mortgage referred to in the complaint to be usurious and void and directing that they be canceled and discharged of record. The bond and mortgage referred to in the complaint were executed for the accommodation of defendant’s brother, and they were without consideration when made; they could not become operative until passed away for value; and if then negotiated upon an usurious consideration are void. The evidence clearly shows that at the…