Mossler Acceptance Co. v. Alexander

MONTEITH, Chief Justice.

This is an appeal in a usury case brought by appellee, William Alexander, against appellant, Mossier Acceptance Company, for the cancellation of the balance due on á note secured by á chattel mortgage, and for the recovery of twice the amount of usurious .interest alleged to have been paid.

Appellee alleged that he purchased a Plymouth automobile from Avenue Motors, Inc., of Houston, Texas, for the sum of $954.60; that after making a cash payment and receiving a credit for an automobile which he traded in, there remained a balance of $704.60.due the Avenue Motors, Inc.,…