Unity Plan Finance Company, Inc. v. Glaser

Louisiana Court of Appeal

Unity Plan Finance Company, Inc. v. Glaser

164 So. 259

CourtLouisiana Court of Appeal

DecidedDecember 2, 1935

DocketNo. 16024.

StatusPublished

This text of 164 So. 259 (Unity Plan Finance Company, Inc. v. Glaser) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Unity Plan Finance Company, Inc. v. Glaser, 164 So. 259 (La. Ct. App. 1935).

Pincite

Opinion

WESTERFIELD, Judge.

This is a suit for $93.90, the balance due on a promissory note issued under the Small Loan Act, Act No. 7 of the Extra Session of the Legislature of the year 1928. The makers of the note, Andrew J. Glaser and Ernest Senac, defendants, in their answer admit their signature, but deny liability upon the ground that the note is tainted with usury, in that the charge for the use of the money, exceeds 42 per cent, per annum, the maximum amount allowed under the Small Loan Act.

There was judgment below in favor of plaintiff, as prayed for, and defendants have appealed.

All questions presented by this appeal have been settled adversely to the contention of defendants in the matter of Unity Plan Finance Company, Inc., v. William Green et al., 179 La. 1070, 155 So. 900.

For the reasons assigned, the judgment appealed from is affirmed.

Affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI