ATLAS SUBSIDIARIES OF FLORIDA, INC. v. O. & O. INC.

No. E-486.

166 So.2d 458 (1964)

ATLAS SUBSIDIARIES OF FLORIDA, INC., a Florida corporation, and Atlas Credit Corporation, a foreign corporation, Appellants, v. O. & O. INC., a corporation, and Joseph D. Osterhuber and Mae Osterhuber, his wife, Appellees.

District Court of Appeal of Florida. First District.

Rehearing Denied July 23, 1964.


Attorney(s) appearing for the Case

Adams, Rothstein & Siegel, Jacksonville, for appellants.

Thos. J. Shave, Jr., Fernandina Beach, and Albert M. Crabtree, Jacksonville, for appellees.


STURGIS, Chief Judge.

The appellants seek reversal of a final decree which sustained appellees' charge of usury and on that ground forfeited all sums payable for principal and interest of a promissory note, cancelled the lien of a mortgage purporting to secure same, and entered judgment against appellants for a sum representing the total amount of payments made by appellees under the void note and mortgage, and also assessed against appellants the costs of suit.<...

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