Case ID: sarat-ch-sent_2/html/0019-02.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Robert Anderson v. George Rapelye.
    
    Usury.
    M. S. Bidwell & S. F. Clarkson, for complainant;
    J. W. Gerard, for defendant.
   In this case the chancellor decided that the transfer of a bond and mortgage of a third person for #3000, the payment of which is guarantied by the seller and another person, in consideration of the sum of $2600 is usurious and void.

Decree of the assistant vice chancellor reversed; and decree directed declaring the assignment of the bond and mortgage and the bond executed therewith inoperative and void, and that they be delivered up and cancelled, and granting a perpetual injunction against any suit thereon.