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BORINSTEIN v. RAYCON LAND CO.

Calendar No. 51, Docket No. 49,745.

370 Mich. 359 (1963)

121 N.W.2d 862

BORINSTEIN v. RAYCON LAND COMPANY.

Supreme Court of Michigan.

Decided June 3, 1963.

Attorney(s) appearing for the Case

Schon & Wise (Jack Schon, of counsel), for plaintiff.

Morton H. Collins, for defendant Gattegno.

BLACK, J.

Defendant-appellant Fred Gattegno, originally 1 of the freeholders of mortgaged real estate situated in Washtenaw county's Ypsilanti township, appeals from a decree of foreclosure entered after contested hearing of his pleaded allegation that the amount claimed due by the plaintiff mortgagee is tainted by and reducible on account of usury.

The mortgage was executed April 23, 1959, by Raycon Land Company, a Michigan corporation, immediate grantee...

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