Case ID: scl_18/html/0059-01.html
Source: Caselaw Access Project
Author: {"author": "Per Johnson J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John Odell v. Tobias Cook.
    A note made to raise money, and sent into tbe market, and sold at an usurious discount, is usurious and void: But bona fide notes and other securities are subjects of legitimate traffic, and where the indorser of a note made to raise money at an usurious interest, represents to a purchaser, that it is a business note, made for a bona fide consideration, and the maker is present and acquiesces, it is a fraud upon the purchaser, and they are both'liable. Vide Payne w. Trezevant, 2 Bay, 23.
   Per Johnson J.

confirming the instructions given to the jury by Mr. Justice Evans, at Laurens, Fall Term, 1830.

O’Neall J. and Harper J. concurred.