Petersen v. Philco Finance Corporation

How courts have described this case

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

• bona fide sale of property under a contract providing for payment of the purchase price, in whole or in part, in the future, in one or more installments, is in no sense a “loan,” and usury statute has no application to such sales

Source: CourtListener parenthetical corpus (CC0).