Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134
Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134
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In our eReader you can find the full English version of the book. Read Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134
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To quickly assess the difficulty of the text, read a short excerpt:
John J. Glenn, Judge, presiding.
Messrs. Pepper & Scott, for the appellant : The transaction was not usurious. McGiU v. Ware, 4 Scam.
21 ; Mitchell v. Lyman, 77 HI. 625 ; Brown v. Mortgage Co.
110 id. 235 ; McFadden v. Fortier, 20 id. 509.
Messrs. Bassett & Bassett, for the appellee.
Mr. Chdbf Justice Soholfield delivered the opinion of the Court: Wolfe being indebted to Drury, $8000, for loaned money, gave him his four promissory notes therefor, as follows : One for $2000, payable one year aft...er date ; one for $2500, pay- able two years after date ; one for $2500, payable three years after date; and one for' $3275.80, payable four years after date, — all bearing interest at the rate of ten per cent per an- num after due. The rate of interest then allowed by our statute for money loaned was ten per cent per annum, and any sum charged for the use of money greater than that rate would produce, was usury. The question is, under that stat- ute is there usury in these notes ?
It is impossible to so calculate simple interest in advance upon $8000, for the respective times of these notes, at the rate of ten per cent per annum, as to produce, when added to its principal, their several amounts.
What to read after Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134?
You can find similar books in the "Read Also" column, or choose other free books by Illinois. Supreme Court to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
John J. Glenn, Judge, presiding.
Messrs. Pepper & Scott, for the appellant : The transaction was not usurious. McGiU v. Ware, 4 Scam.
21 ; Mitchell v. Lyman, 77 HI. 625 ; Brown v. Mortgage Co.
110 id. 235 ; McFadden v. Fortier, 20 id. 509.
Messrs. Bassett & Bassett, for the appellee.
Mr. Chdbf Justice Soholfield delivered the opinion of the Court: Wolfe being indebted to Drury, $8000, for loaned money, gave him his four promissory notes therefor, as follows : One for $2000, payable one year aft...er date ; one for $2500, pay- able two years after date ; one for $2500, payable three years after date; and one for' $3275.80, payable four years after date, — all bearing interest at the rate of ten per cent per an- num after due. The rate of interest then allowed by our statute for money loaned was ten per cent per annum, and any sum charged for the use of money greater than that rate would produce, was usury. The question is, under that stat- ute is there usury in these notes ?
It is impossible to so calculate simple interest in advance upon $8000, for the respective times of these notes, at the rate of ten per cent per annum, as to produce, when added to its principal, their several amounts.
What to read after Reports of Cases At Law And in Chancery Argued ..., volume 104; volume 134?
You can find similar books in the "Read Also" column, or choose other free books by Illinois. Supreme Court to read onlineMoreLess
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