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ORR v. INTERNATIONAL BANK OF COMMERCE

No. 16628.

649 S.W.2d 769 (1983)

Verna Butler ORR, Appellant, v. INTERNATIONAL BANK OF COMMERCE, Appellee.

Court of Appeals of Texas, San Antonio.

Rehearing Denied April 27, 1983.

Attorney(s) appearing for the Case

Timothy J. Herman, Robert H. Hughes, Austin, for appellant.

J.G. Hornberger, Jr., Laredo, for appellee.

Before ESQUIVEL, BUTTS and REEVES, JJ.

OPINION

ESQUIVEL, Justice.

This is an appeal from a take-nothing judgment in a usury case.

On November 12, 1973, Gerald D. Butler executed a promissory note to appellee International Bank of Laredo, Texas (Bank), in the principal sum of $130,000.00, bearing interest at the rate of 10% per annum and payable on or before November 12, 1975. On the day of the loan, Bank withheld $26,000.00 from the $130,000.00 in accord with an agreement between the...

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