Henry v. P. & E. Finance Co.

HURST, V.C.J.

The plaintiff, P. & E. Finance Company, sued the defendant, W. A. Henry, Jr., for possession of a Packard automobile. Plaintiff held a chattel mortgage covering the automo.-bile. The defendant pleaded usury. The trial court directed a verdict for the plaintiff, and the defendant appeals.

The material facts leading up to the controversy are as follows: Henry owned a Chrysler automobile, and agreed with Ralph Sigmon, a dealer in used cars, to trade it for a Plymouth automobile and to pay a cash difference of $630. Before the deal was closed, the plaintiff was called in with…