HALL v. BENEFICIAL FINANCE CO.

Docket No. 45871.

118 Cal.App.3d 652 (1981)

173 Cal. Rptr. 450

HAROLD HALL, Plaintiff and Appellant, v. BENEFICIAL FINANCE COMPANY OF TRACY, Defendant and Respondent.

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

May 1, 1981.


Attorney(s) appearing for the Case

COUNSEL

Alfred Nelson for Plaintiff and Appellant.

Ron Lane and Berry & Berry for Defendant and Respondent.


OPINION

HEALY, J.*

Plaintiff-appellant borrowed $10,299.41 from respondent on December 15, 1969. The obligation was formalized in a note calling for interest at the rate of 1 1/2 percent per month (18 percent per annum) on the unpaid principal balance. Security consisted of liens on real property and furnishings, and an assignment of rents. The realty equity at that time was estimated at $18,900; the personalty...

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