Patel v. Dammai, et al. (Lawyers Weekly No. 12-121-17)
Court reformed usurious promissory note to maximum lawful rate of 20% per annum under equitable doctrine when parties freely agreed to rate without knowing it violated usury statute.
Court reformed usurious promissory note to maximum lawful rate of 20% per annum under equitable doctrine when parties freely agreed to rate without knowing it violated usury statute.