A Treatise On the Law of Defenses in Actions On Commercial Paper; Including the Defenses At Common Law And Under the Negotiable Instruments Acts

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198, 20 Ridgway v. Davenport, 37 Wash.
So. 984. Examine Wallace v. Good- 134, 79 Pac. 606. Compare Whaley lett, 104 Tenn. 670, 58 S. W. 343. v. American Freehold Land Mort- =" Wagnor v. Pease, 104 Ga. 417, gage Co., 74 Fed. 73, 20 C. C. A. 306, 30 S. B. 895. 42 U. S. App. 90.
389 USURY GENERALLY.
[§ 302 So a principal may be bound by notice to his agent that a note pur- chased by the latter is tainted with usury .^^ But a mortgage note may provide for a greater than a legal rate of interest aft
...er its maturity.^'' The question of the availability of the defense of usury in actions on bills, notes, etc., is so largely a matter of statutory regulation in dif- ferent jurisdictions, and is so largely dependent thereupon that re- course must be had to those statutes to determine who is entitled and who not to make such a defense, and the relative and respective rights of the parties.'* It may be stated, however, that the repeal "Haynes v. Gay, 37 Wash. 230, 79 Pac. 794.
='Sloane v. Lucas (Wash.), 79 Pac.


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