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SCHAUMAN v. SOLMICA MIDWEST, INC.

No. 41282.

168 N.W.2d 667 (1969)

Gilbert SCHAUMAN, et al., Appellants, v. SOLMICA MIDWEST, INC., Respondent, Mortgage Associates, Inc., Defendant.

Supreme Court of Minnesota.

May 29, 1969.

Attorney(s) appearing for the Case

Carl A. Jensen, Sleepy Eye, for appellants.

Gainsley & Gainsley, Minneapolis, for respondent.

Heard before KNUTSON, C. J., and NELSON, SHERAN, PETERSON, and FRANK T. GALLAGHER, JJ.

OPINION

NELSON, Justice.

This appeal involves the question of whether a contract between plaintiffs, Gilbert Schauman and Janette Schauman, husband and wife, and defendant Solmica Midwest, Inc., was usurious.

It appears that on October 27, 1966, plaintiffs entered into a "CONTRACT AND GUARANTEE" with defendant Solmica for the application of aluminum siding on a home owned by plaintiffs. The contract provided that the cash price for the work was ...

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