TAFT, J.
A small-loan company, such as appellant, may have profits from sources of income other than its income-producing intangibles. For example, such a company may purchase a promissory note for less than its face value, and may make a profit, in addition to the income received by way of interest thereon, when such note is paid in full or when it is sold for more than its purchase price. Since the question has been neither raised nor argued in the instant case...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
