R. J. Carter Enterprises, Inc. v. Greenway Bank & Trust of Houston

COLEMAN, Chief Justice.

This is an appeal by R.J. Carter Enterprises, Inc., (R.J.C.E.) and R.J. Carter, Individually, (Carter), from a take nothing judgment in favor of the appellee Green-way Bank & Trust of Houston (Greenway). R.J.C.E. and Carter brought this suit to recover the penalties provided in the usury statute. The trial was to a jury, but the trial court entered a judgment non obstante veredicto.

*828Carter was the president and sole stock holder of R.J.C.E., a corporation engaged in the building business. Carter approached Greenway in May of 1974 for the purpose of obtaining interim…