Lassman v. Jacobson
Supreme Court of Minnesota
Action in the district court for Cass county to recover $454.50. The facts are stated in the opinion. The case was tried before Wright, J-, who niade findings and ordered judgment for $419.50 in favor of plaintiff. From the judgment entered pursuant to the order for judgment, defendants appealed.
1Opinion of the CourtHolt, J.
This suit is by a borrower against the lenders to recover the amount of an alleged usurious loan which the borrower was compelled to pay to an innocent holder of the debt and security. To pass on the question presented this will be a sufficient statement of the facts: In December, 1909, plaintiff borrowed from defendants $350 to be repaid within five years, with 10 per cent interest payable semiannually. To secure the loan plaintiff gave mortgages on land in Beltrami county and agreed to pay, and did pay, the mortgage registry tax of $2.50 and the recording fee of like amount. After the loan…
2Cases cited16 opinions
- Smith v. ParsonsSupreme Court of Minnesota · 1893
- Mutual Benefit Life Insurance v. County of MartinSupreme Court of Minnesota · 1908
- Norris v. W. C. Belcher Land Mortgage Co.Texas Supreme Court · 1904
- Stein v. SwensenSupreme Court of Minnesota · 1891
- Vandervelde v. WilsonMichigan Supreme Court · 1913
11 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Van Asperen v. Darling Olds, Inc.Supreme Court of Minnesota · 1958
- Noteman v. WelchCourt of Appeals for the First Circuit · 1939
- Koen v. StateTennessee Supreme Court · 1931
- Engel v. MahlenSupreme Court of Minnesota · 1922
- Mesaba Loan Co. v. SherSupreme Court of Minnesota · 1938
14 more not listed; retrieve them via the Exa API.