Walker v. Narose Bldgs., Inc.

The appellants are appealing from a final decree entered by the trial court, sitting without jury, in which he found that appellants had entered into a contract with appellees wherein appellants charged usurious interest. The trial court, under the authority of Florida Statutes 687.07, F.S. A., cancelled the mortgage held by appellant, Tampa Bay Terminal, Inc., and ordered appellants to repay to appellees the sum of money which appellees had paid pursuant to the contract.

The appellants base two of their points on appeal on the assumption that the transaction in question involved a loan in…