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HARDY v. R & S FINANCE COMPANY

42982.

116 Ga. App. 451 (1967)

157 S.E.2d 777

HARDY v. R & S FINANCE COMPANY.

Court of Appeals of Georgia.

Decided October 6, 1967.

Attorney(s) appearing for the Case

Virginia A. Bonner, for appellant.

Olon E. Scott, for appellee.

DEEN, Judge.

1. It is a condition precedent to recovery on a note otherwise usurious that the obligee named therein was at the time of the execution of the note duly licensed under the provisions of the Industrial Loan Act. Bayne v. Sun Finance Co., 114 Ga.App. 27 (150 S.E.2d 311).

2. Where a general demurrer to a petition or oral motion to dismiss is sustained with 20 days leave...

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