Hardy v. R & S FINANCE COMPANY

Deen, Judge.

1. It is a condition precedent to recovery on a note otherwise usurious that the obligee named therein was at the time of the execution of the note duly licensed under the provisions of the Industrial Loan Act. Bayne v. Sun Finance Co., 114 Ga. App. 27 (150 SE2d 311).

2. Where a general demurrer to a petition or oral motion to dismiss is sustained with 20 days leave to amend, the order stating that “upon failure to appropriately amend within the said period of time plaintiff’s petition shall stand dismissed” and no amendment curing the defect is filed within the time limited, it is…