Gate City National Bank v. Thrall
Citations
- 85 Kan. 394
- 116 P. 487
- 1911 Kan. LEXIS 80
Syllabus
<p>SYLLABUS B.Y THE COURT.</p> <p>1. Usury — Bona, Fide Purchaser of Note Bearing Lawful Rate of Interest Not Chargeable with Usury. One who buys at less than its face value a negotiable note bearing the highest legal rate of interest is not chargeable with usury because of the fact, of which he had no knowledge or notice, that the note was executed by the maker for the accommodation of the payee.</p> <p>'2. Indorser — Indorsement of Note by Payee — Not Borrowing Money. The fact that the payee upon the sale of a negotiable note becomes by indorsement liable for its payment does not characterize the transaction as a loan to him.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- insured cooperated by testifying fully at trial after initially refusing to submit to an examination without her attorney present; policy not void
- “The purpose of the examination is to elicit the facts in order that the company may determine whether it will defend or adjust the claim.”
Source: CourtListener parenthetical corpus (CC0).
Judges: Mason
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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