HARDMAN v. NEW FINANCE CO.


259 S.W.2d 431 (1953)

HARDMAN v. NEW FINANCE CO., Inc.

Court of Appeals of Kentucky.

June 19, 1953.


Attorney(s) appearing for the Case

Jesse K. Lewis, Lexington, for appellant.

Frank Trimble, Jr., James Park, Lexington, for appellee.


DUNCAN, Justice.

The question presented on this appeal concerns the right of a borrower to recover the principal and interest of void loans from the lender, a petty loan company, where payment is made by withholding from the proceeds of subsequent void loans.

The appellant, J. C. Hardman, entered into a partnership with C. B. Trenner to engage in the business of selling plastic paints and waterproofing material. Since their capital was limited, they entered...

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