Computer Sales Corp. v. Rousonelos Farms, Inc.

How courts have described this case

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

• noting that the general usury provision of the Illinois Interest Act does not apply to transactions with corporations
• noting that the general usury provision of the Illinois Interest Act does not apply to transactions with corporations
• “Thus, if the transaction involves a sale rather than a loan, it is not subject to the limitation on interest. The parties to the contract could agree that defendant would pay interest at a rate higher than the maximum rate provided in the usury statute.”

Source: CourtListener parenthetical corpus (CC0).