Friedman v. Wisconsin Acceptance Corp.

The following opinion was filed November 9, 1926:

Doerfler, J.

The action is based upon the theory that the contract entered into is in violation of the usury statutes of the state; that having received only the sum of $300 in cash, a tender for that amount was sufficient; that in exacting the sum of $51 for insurance, investigation, and interest, the loan became usurious. A number of interesting questions were presented by counsel, both in their brief and argument, but in deciding this'case we will dwell only upon such as may be necessary to the proper determination of the issue.

The charge for…