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FRIEND v. BANK OF EASTMAN

41598.

112 Ga. App. 756 (1965)

146 S.E.2d 110

FRIEND et al. v. BANK OF EASTMAN.

Court of Appeals of Georgia.

Decided November 5, 1965.

Rehearing Denied November 29, 1965.

Attorney(s) appearing for the Case

Marvin P. Nodvin, for appellants.

William W. Daniel, for appellee.

DEEN, Judge.

1. Code Ann. § 57-116 provides that money may be "paid back in monthly, quarterly, or yearly installments [with] . . . interest thereon at six per cent. per annum or less for the entire period of the loan, aggregating the principal and interest for the entire period of the loan, and dividing the same into monthly, quarterly, or yearly installments." It is contended that the note here sued upon is infected with usury because it is the last...

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