Hendrix v. Harry's Cadillac Co.

16 S.E.2d 456, 220 N.C. 84, 1941 N.C. LEXIS 481

Opinion

Pee Oueiam.

This is an action under C. S., 2306, to recover an amount of alleged usurious interest paid by the plaintiff to the defendants in a transaction involving the purchase and sale of a second-hand automobile, with deferred payments secured by conditional sale contract.

An examination of the evidence convinces us that the transaction involved was indeed a sale and not a loan, and therefore the cause of action alleged by the plaintiff is not sustained by the evidence. Note, 48 A. L. R., p. 1442; 57 A. L. R., p. 880; 91 A. L. R., p. 1105.

The judgment of the Superior Court is

Affirmed.