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CAMBRIDGE DEV. CO. v. U.S. FINANCIAL

Docket No. 9783.

11 Cal.App.3d 1025 (1970)

90 Cal. Rptr. 333

CAMBRIDGE DEVELOPMENT CO., INC., Plaintiff and Appellant, v. U.S. FINANCIAL et al., Defendants and Respondents.

Court of Appeals of California, Fourth District, Division One.

October 6, 1970.

Attorney(s) appearing for the Case

COUNSEL

Thomas A. Davies for Plaintiff and Appellant.

Shenas & Berton and Peter Shenas for Defendants and Respondents.

OPINION

AULT, J.

In its original complaint, Cambridge Dev. Co., Inc. (Cambridge), charged respondents U.S. Financial and U.S. Mortgage with usury arising out of a transaction in which Cambridge borrowed $330,000 from the respondents to finance construction of 12 single-family residences and to pay off an existing encumbrance on the land. On the date of trial, September 30, 1968, Cambridge filed an amended complaint in which it added...

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