Hovey v. Wark-Gilbert Co.

Michigan Supreme Court

Hovey v. Wark-Gilbert Co.

227 N.W. 543, 248 Mich. 502, 1929 Mich. LEXIS 597

CourtMichigan Supreme Court

DecidedDecember 3, 1929

DocketDocket No. 65, Calendar No. 34,555.

StatusPublished

Cited by1 cases

This text of 227 N.W. 543 (Hovey v. Wark-Gilbert Co.) is published on Counsel Stack Legal Research, covering Michigan Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Hovey v. Wark-Gilbert Co., 227 N.W. 543, 248 Mich. 502, 1929 Mich. LEXIS 597 (Mich. 1929).

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Opinion

Plaintiff sued on the note of defendant, a Michigan corporation, due October 22, 1928, and had judgment which defendant reviews on error.

Act No. 335, Pub. Acts 1927, pt. 2, chap. 1, § 1, provided that "no corporation shall interpose the defense of usury to any cause of action hereafter arising."

The cause of action arose when the note became due. The act was then in effect. Defendant sought *Page 503 to interpose the sole defense of usury. This the act forbids.Miller v. Reid, 243 Mich. 694. Judgment affirmed.

NORTH, C.J., and FEAD, BUTZEL, WIEST, McDONALD, POTTER, and SHARPE, JJ., concurred.

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Plaintiff sued on the note of defendant, a Michigan corporation, due October 22, 1928, and had judgment which defendant reviews on error.

Act No. 335, Pub. Acts 1927, pt. 2, chap. 1, § 1, provided that "no corporation shall interpose the defense of usury to any cause of action hereafter arising."

The cause of action arose when the note became due. The act was then in effect. Defendant sought *Page 503 to interpose the sole defense of usury. This the act forbids.Miller v. Reid, 243 Mich. 694. Judgment affirmed.

NORTH, C.J., and FEAD, BUTZEL, WIEST, McDONALD, POTTER, and SHARPE, JJ., concurred.

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227 N.W. 543, 248 Mich. 502, 1929 Mich. LEXIS 597, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hovey-v-wark-gilbert-co-mich-1929.

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