SHELL OIL COMPANY v. STATE

Nos. 74-252, 74-277.

295 So.2d 648 (1974)

SHELL OIL COMPANY, Petitioner, v. The STATE of Florida, Respondent.

District Court of Appeal of Florida, Third District.

June 4, 1974.


Attorney(s) appearing for the Case

Mershon, Sawyer, Johnston, Dunwody & Cole and Aubrey V. Kendall, Miami, for petitioner.

Robert L. Shevin, Atty. Gen., and J. Robert Olian, Asst. Atty. Gen., for respondent.

Before BARKDULL, C.J., and HENDRY and HAVERFIELD, JJ.


HENDRY, Judge.

The State of Florida, respondent herein, sued the Shell Oil Company, the petitioner, alleging, inter alia, usurious interest rates charged to consumers in this state who hold Shell credit cards.

The state alleged that Shell was charging a 1.5% monthly interest rate (18% per annum) on revolving credit accounts which were not paid-in-full within a specified time. It was further alleged that Shell was in violation of the provisions of Fla. Stat...

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