Anderson v. Rapelye

New York Court of Chancery

Anderson v. Rapelye

2 Sarat. Ch. Sent. 19, 1842 N.Y. LEXIS 504

DecidedApril 5, 1842

StatusPublished

This text of 2 Sarat. Ch. Sent. 19 (Anderson v. Rapelye) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Anderson v. Rapelye, 2 Sarat. Ch. Sent. 19, 1842 N.Y. LEXIS 504 (N.Y. 1842).

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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.

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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.

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Bluebook (online)

2 Sarat. Ch. Sent. 19, 1842 N.Y. LEXIS 504, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anderson-v-rapelye-nychanct-1842.