GORDON, Justice.
The question presented is whether a transaction between plaintiff Charles N. Kidd and defendant J. Walter Brothers was usurious.
Kidd desired to buy property in Virginia Beach listed for sale at $29,000, but was unable to obtain the necessary financing from conventional sources. Brothers agreed that he would lend Kidd $29,000 at 8% interest. Upon advice of counsel respecting the usury laws, however, they agreed orally that Brothers should...
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