Court Opinion

ID: 9834064
Source: CourtListenerOpinion
Date Created: 2023-09-01 23:16:16.400783+00
Date Added: 2024-06-11T07:44:11.355848
License: Public Domain

On Motions for Rehearing.
On February 17, 1926, we filed our opinion herein, holding that the loan contract in suit was usurious on its face, or in its incipiency, ' but that the judgment pleaded as partial basis for usury was res adjudicata to that extent of appellee’s claim. Motions for rehearing were filed by both appellants and appellee, which on suggestion of counsel we have held pending final disposition by the Supreme Court of the ease of Shropshire v. Commerce Farm Credit Co., 30 S.W.(2d) 282, the contracts in the two'cases being practically identical, and the material facts being similar.
On May 16, 1931, the Supreme Court delivered its opinion overruling the motion for rehearing in the Shropshire Case, holding that contract usurious on its face, or in its in-cipiency. We do not deem it necessary to further discuss the grounds upon which the court determined the contract to be usurious, but overrule appellants’ motion as regards usury upon the authority of that decision, and also overrule appellee’s motion for a rehearing.
Motions overruled.