Bosworth v. Sumter Real Estate Co.

Supreme Court of Georgia

Bosworth v. Sumter Real Estate Co.

28 S.E. 154, 100 Ga. 60, 1896 Ga. LEXIS 535

CourtSupreme Court of Georgia

DecidedNovember 30, 1896

StatusPublished

Cited by1 cases

This text of 28 S.E. 154 (Bosworth v. Sumter Real Estate Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Bosworth v. Sumter Real Estate Co., 28 S.E. 154, 100 Ga. 60, 1896 Ga. LEXIS 535 (Ga. 1896).

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Opinion

Lumpkin, J.

The essence of the building and loan association, principle is mutual participation in the profits and losses on terms of perfect equality, each member having, under the same conditions, the rights and obligations of every other member. This principle was exemplified and carried out in the transaction involved in the present case, and it follows as a consequence that the debt in question was not usurious.

Judgment affirmed.

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Lumpkin, J.

The essence of the building and loan association, principle is mutual participation in the profits and losses on terms of perfect equality, each member having, under the same conditions, the rights and obligations of every other member. This principle was exemplified and carried out in the transaction involved in the present case, and it follows as a consequence that the debt in question was not usurious.

Judgment affirmed.

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Bluebook (online)

28 S.E. 154, 100 Ga. 60, 1896 Ga. LEXIS 535, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bosworth-v-sumter-real-estate-co-ga-1896.

Opinion

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