Jones v. Morrison

This action was brought by appellee to recover upon appellant’s promissory note. Appellant answered, admitting the execution of the note and its nonpayment, but for a special defense alleged that the note is “extortionate, unconscionable, usurious and void and was exacted of defendant as a penalty,” by reason of the following circumstances: That before the execution of the note plaintiff had made an agreement in writing with L. W. Williams and I. G. Masters by which he agreed to sell and convey to the said Williams and Masters certain real estate for the purchase price of $13,200, payable in…