Case Name: Robert Anderson v. George Rapelye
Court: New York Court of Chancery
Jurisdiction: New York
Decision Date: 1842-04-05
Citations: 2 Sarat. Ch. Sent. 19
Docket Number: 
Parties: Robert Anderson v. George Rapelye.
Judges: 
Reporter: Saratoga Chancery Sentinel
Volume: 2
Pages: 19–19

Head Matter:
Robert Anderson v. George Rapelye.
Usury.
M. S. Bidwell & S. F. Clarkson, for complainant;
J. W. Gerard, for defendant.

Opinion:
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.