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W.B. DUNN CO., INC. v. MERCANTILE CREDIT CORPORATION

No. R-36.

275 So.2d 311 (1973)

The W.B. DUNN CO., INC., et al., Appellants, v. MERCANTILE CREDIT CORPORATION, a Texas Corporation, Appellee.

District Court of Appeal of Florida, First District.

April 3, 1973.

Attorney(s) appearing for the Case

E.C. Deeno Kitchen of Ervin, Varn, Jacobs & Odom, Tallahassee, for appellants.

Julius F. Parker, Jr., of Madigan, Parker, Gatlin & Swedmark, Tallahassee, for appellee.

RAWLS, Acting Chief Judge.

Were certain assignments of installment loan contracts from appellants, W.B. Dunn Co., Inc., W.B. Dunn and Eugenia Dunn [hereinafter referred to as Dunn], to appellee, Mercantile Credit Corporation, a Texas corporation [hereinafter referred to as MCC], security for loans of money to Dunn or a sale of such contracts to MCC? And if the transactions were determined to be loans, was the interest computed thereon usurious? These are the two principal...

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