Pugh v. . Scarboro

This is an action brought by plaintiff against the defendant to recover on a bond for $1,800, dated 17 August, 1927, due one year after date. This action was instituted on 26 October, 1929, in which plaintiff prays judgment against the defendants for $1,800 and interest from 17 August, 1927, at 6 per cent per annum, payable semiannually. The defendants set up the plea of usury. That although the bond was executed for $1,800, only $1,650 was borrowed and actually received, plaintiff retaining $150 as interest, and the note bore 6 per cent. The plaintiff called it in his reply “$150 as a bonus…