Bangs v. Midland Loan & Finance Co.

This was an action to cancel and set aside as void a conditional sales contract on the ground that it was usurious. The action was tried to the court without a jury. Findings and conclusions were made in favor of plaintiff, and from an order denying defendants’ motions for amended findings or for a new trial these appeals were taken.

Plaintiff, on September 11, 1934, purchased an automobile from the Keating-Hill Company in Minneapolis and, for the balance of the purchase price then unpaid, executed a conditional sales contract to that company. Thereafter the Heating-Hill Company assigned the…