Citizens Discount & Investment Co. v. Brennan

This is a suit upon a promissory note of $200. The defense is “that on November 24, 1925, they (the defendants) did borrow from the plaintiff the sum of $180, for which they gave a note in the sum of $200, the other $20 • being interest or discount charge made by petitioner; that the note itself is a mere evidence of the loan and that under the law, this interest or discount, being in excess of eight per cent per annum is a usurious rate of interest and your defendants cannot and should not be obliged to make payment therefor”.

There was judgment in favor of plaintiff and against the…