THUNDERBIRD INVESTMENT CORP. v. ROTHSCHILD

Docket No. 36996.

19 Cal.App.3d 820 (1971)

97 Cal. Rptr. 112

THUNDERBIRD INVESTMENT CORPORATION et al., Plaintiffs, Cross-defendants and Appellants, v. EDWARD ROTHSCHILD et al., Defendants, Cross-complainants and Appellants.

Court of Appeals of California, Second District, Division Two.

September 1, 1971.


Attorney(s) appearing for the Case

COUNSEL

Zagon, Schiff, Hirsch, Levine & Mark and Daniel S. Mark for Plaintiffs, Cross-defendants and Appellants.

Arnold, Smith & Schwartz, Robert M. Dohrmann and Sharon E. Giannetta for Defendants, Cross-complainants and Appellants.


OPINION

HERNDON, Acting P.J.

STATEMENT OF THE CASE

Plaintiffs appeal from an adverse judgment entered in this action wherein they have claimed that defendants charged them a usurious rate of interest in a 1963 loan transaction in which they borrowed $300,000 from defendants. This loan was evidenced by a promissory note and secured by a deed of trust on real property.

The basic issue presented by this appeal...

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