Commerce Savings Ass'n of Brazoria County v. GGE Management Co.
Court of Appeals of Texas
1Opinion of the Court
ON THIRD MOTIONS FOR REHEARING
EVANS, Justice.
A usury case.
After consideration of all parties’ motions for rehearing, we withdraw our earlier opinions and substitute this opinion in lieu thereof.
Gilbert Gertner, individually and as president of GGE Management Company, executed a promissory note to Angleton Savings Association dated April 17,1970, in the principal amount of $600,000.00. This note provided for interest at the rate of 12% per annum over a 10 year period and recited that the principal amount of the note represented (i) the purchase price of certain real property conveyed by the…
2Cases cited37 opinions
- Walker v. Temple Trust Co.Texas Supreme Court · 1935
- Nevels v. HarrisTexas Supreme Court · 1937
- Mays v. PierceTexas Supreme Court · 1955
- Universal Metals & MacHinery, Inc. v. BohartTexas Supreme Court · 1976
- McKnight v. Virginia Mirror CompanyTexas Supreme Court · 1971
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3Cited by17 opinions
- Coker v. CokerTexas Supreme Court · 1983
- Lovick v. Ritemoney Ltd.Court of Appeals for the Fifth Circuit · 2004
- Tanner Development Co. v. FergusonTexas Supreme Court · 1977
- Federal Deposit Insurance Corp. v. Attayi, Texas Court of Appeals, 1st District (Houston)1988
- Clark v. Walker-Kurth Lumber Co., Texas Court of Appeals, 1st District (Houston)1985
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