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CONSOLIDATED JEWELERS, INC. v. STANDARD FINANCIAL CORP.

No. 15173.

325 F.2d 31 (1963)

CONSOLIDATED JEWELERS, INC., Plaintiff-Appellant, v. STANDARD FINANCIAL CORPORATION, Defendant-Appellee.

United States Court of Appeals Sixth Circuit.

December 5, 1963.

Attorney(s) appearing for the Case

Irwin G. Waterman, Louisville, Ky., Carl Bensinger, Louisville, Ky., on brief; Morris & Garlove, Louisville, Ky., of counsel, for appellant.

Thomas W. Bullitt, Louisville, Ky., Bullitt, Dawson & Tarrant, Louisville, Ky., of counsel, for appellee.

Before CECIL, Chief Judge, and O'SULLIVAN and PHILLIPS, Circuit Judges.

PHILLIPS, Circuit Judge.

This case involves a contract for the lending of money by appellee, a New York corporation, to appellant, a Kentucky corporation. The principal issue presented on this appeal is whether the contract is governed by the laws of Kentucky, under which the prescribed rate of interest is usurious,1 or by the laws of New York, under which the rate of interest is lawful.2

Appellant...

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