City Tank Corp. v. Wright Aeronautical Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that “[i]t has long been settled in this state that criminal usury may only be asserted as a defense by a corporation, and never as a means to seek affirmative relief.”
• explaining that “[i]t has long been settled in this state that criminal usury may only be asserted as a defense by a corporation, and never as a means to seek affirmative relief.”
• fundamental inquiry is “whether or not defendant is absolutely entitled to repayment under all circumstances”
• “In order to determine [whether the contracts are usurious], the Court must first determine whether the contracts are loans or not.”
• “The reconciliation provisions allow the merchant to seek an adjustment of the amounts being taken out of its account based on its cash flow (or lack thereof
• “The reconciliation provisions allow the merchant to seek an adjustment of the amounts being taken out of its account based on its cash flow (or lack thereof

Source: CourtListener parenthetical corpus (CC0).