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YAFFEE v. INTERNATIONAL COMPANY

80 So.2d 910 (1955)

Hyman YAFFEE, individually and as Trustee, Appellant, v. INTERNATIONAL COMPANY, Inc., a Florida corporation, Appellee.

Supreme Court of Florida. En Banc.

Rehearing Denied July 1, 1955.

Attorney(s) appearing for the Case

Caldwell, Parker, Foster & Wigginton, Tallahassee, J.M. Flowers, Miami, and Royal Flagg Jonas, Miami Beach, for appellant.

Patton & Kanner, Miami, for appellee.

SEBRING, Justice.

The appeal is from a final declaratory decree entered in favor of the plaintiff below upon the following facts:

Prior to the effective date of Chapter 28170, Laws of Florida 1953, F.S.A. § 608.01 et seq., the statutes of the state prescribed the maximum legal rate of interest that might be charged on borrowed money and provided penalties for usurious loans. Chapter 687, Florida Statutes 1951, F.S.A. However, as to corporate transactions...

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