Southeastern Roofing Distributors M. C. N. C., Inc. v. Ridgill Roofing & Siding Co.

Harwell, Justice:

Ridgill Roofing and Siding Company, R. A. Ridgill, Jr., and Lyndall P. Ridgill appeal the actions of the trial judge in striking their defense of usury and in directing the verdict in this accounting matter against them. We affirm.

The appellants in their answer admit that an amount is owed on their open account with respondent Southeastern *592Roofing Distributors M. C. N. C., Inc. but contend that the contracted for service charge of 1)4 per cent per month (18% per annum) on all past due account balances is usurious and therefore not recoverable by respondent. The respondent…