Case Name: MORRIS KANEVSKY AND ANOTHER v. GUSSIE TARAN AND OTHERS
Court: Minnesota Supreme Court
Jurisdiction: Minnesota
Decision Date: 1931-12-24
Citations: 185 Minn. 93
Docket Number: No. 28,695
Parties: MORRIS KANEVSKY AND ANOTHER v. GUSSIE TARAN AND OTHERS.
Judges: 
Reporter: Minnesota Reports
Volume: 185
Pages: 93–94

Head Matter:
MORRIS KANEVSKY AND ANOTHER v. GUSSIE TARAN AND OTHERS.
December 24, 1931.
No. 28,695.
Peterson & Oehler, for appellants.
Samuel Lipschultz, for respondents Gussie and Sam Taran.
Reported in 240 N. W. 103.

Opinion:
Wilson, C. J.
Plaintiffs appealed from an adverse judgment entered after the trial before the court without a jury!
The action was to cancel on the ground of usury a $2,000 note and a second mortgage securing the same, after a foreclosure of the mortgage. The loan to plaintiffs was negotiated by defendant Sam Taran. It ran to his mother, defendant Gussie Taran, who assigned the mortgage foreclosure certificate to defendant R & R Finance Company. The loan was for six months. Plaintiffs claimed an illegal exaction of $150 in excess of legal interest and that they received but $1,850. This was denied, and there is evidence tending to show that plaintiffs received the full $2,000. An additional loan of $210.50, secured by two diamonds, is involved.
The record presents a question of fact, and there is evidence to sustain- the finding of the trial court that there was no agreement for a usurious loan and that neither of the defendants Taran exacted an illegal rate of interest.
Under the findings of fact, which are sustained by the evidence, the defendant E & E Finance Company was a bona fide purchaser of the certificate under a mortgage foreclosure sale and was therefore immune from attack on the ground of usury. Jordan v. Humphrey, 31 Minn. 495, 18 N. W. 450; Holmes v. State Bank, 53 Minn. 350, 55 N. W. 555.
Affirmed.