Purvis v. Frink
Supreme Court of Florida
This case was decided by Division A. Appeal from the Circuit Court for Columbia County. The facts in the case are stated in the opinion of the court.
1Opinion of the CourtWhitfield, C. J.
The appellee brought foreclosure proceeding and the defense of usury was interposed. The court overruled that defense and from a final decree for the payment of the principal with interest and attorneys’ fees'the defendant appealed. The mortgage was given to secure the payment of a note for $700.00, payable in one year with interest, payable quarterly in advance at 10 per cent, per annum. The lender reserved $17.50 as the first quarter’s interest, and the actual principal sum received by the borrower was $682.50. Two other payments of $17.50 each as interest for separate quarters were made.
The…
2Cases cited3 opinions
- Maxwell v. Jacksonville Loan & Improvement Co.Supreme Court of Florida · 1903
- Lyle v. WinnSupreme Court of Florida · 1903
- Skinner v. Southern Home Building & Loan Ass'nSupreme Court of Florida · 1903
3Cited by15 opinions
- Wilson v. ConnerSupreme Court of Florida · 1932
- Pervis v. FrinkSupreme Court of Florida · 1911
- Evors v. BryanSupreme Court of Florida · 1919
- National Union Fire Insurance v. ConeSupreme Court of Florida · 1920
- Burdon v. UnrathSupreme Court of Rhode Island · 1926
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