Case ID: ky_25/html/0428-01.html
Source: Caselaw Access Project
Author: {"author": "Judge Robertson", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Dysart vs. Logan.
    
    West.
    Error to the Rockcastle Circuit; Joseph Eve, Judge.
    Usury. Pleading.
    October 22.
    if bonJ, declared on, shew,on its face, that more than 6 per cent, interest is reserved, altbo5 def’t. make default, judgment should only be rendered for principal and 8 per cent, interest. For that which appears need not be pleaded.
    
      Owsley,, for plaintiff; Kincaid% for defendant.
   Judge Robertson

delivered the opinion of the Court.

B. Logan sued S. Dysart on the following note: “On or before the first day of March, 1820, we or either of us promise to pay Benjamin Logan, the full sum of $143, with interest at the rate of 12 per cent, from the dale. Witness our hands and seals this 7th day of September, 1819.

“SÁML. DYSART, [Seal.]

“JOHNSON DYSART, [Seal.]”

Dysart failing to plead, the court rendered judgment against him, for $1.43, with 12 per cent, interest thereon, from the 7th of March, 1819-, to the day of the judgment, and for six per cent, interest after that time.

By the act of 1819, February @th, II. Digest, 1226, it is declared, that all bonds, contracts, &c. for payment of money or goods lent, on which a higher interest than six. per centum per annum, shall have been, reserved, shall be void to the extent of the excess of the amount reserved over six per cent.

The bond, i.n this case shows on its face, that more than six per cent, interest was reserved for the forbearance of th© principal. That which appears,, need not be pleaded or averred. The court was as much bound to notj.ee the usury, as if it had been averred by the most formal plea. In rendering judgment by default, the court bad a right to give judgment for only so much as the plaintiff below showed himself entitled to. His declaration showed clearly,, that he was not entitled, legally, to the whole of the 12; per cent, because the bond is void for all over six per cent, and no judgment can be maintained for that which the record proves to be illegal,.

Wherefore, the judgments reversed and the cause remanded, for proceedings consistent with this opinion.