LOCKHART CO. v. NAEF

No. 14280.

693 P.2d 1090 (1984)

107 Idaho 888

The LOCKHART COMPANY, formerly Financial Credit Corporation, a Corporation, Plaintiff-Counter-defendant-Appellant, v. Ray A. NAEF and Ina Edna Naef, Husband and Wife, Defendants-Counterclaimants-Respondents.

Court of Appeals of Idaho.

December 27, 1984.


Attorney(s) appearing for the Case

John M. Sharp, Sharp, Anderson, Bush & Nelson, Idaho Falls, for plaintiff-counter-defendant-appellant.

Reginald R. Reeves (argued), Denman & Reeves, Idaho Falls, for defendants-counterclaimants-respondents.


ON DENIAL OF PETITION FOR REHEARING

This opinion supersedes our prior opinion issued October 26, 1984, which is hereby withdrawn.

PER CURIAM.

This action was brought by a commercial lender, Lockhart Company, to collect on a promissory note secured by collateral in the form of both personal property and real property. The borrowers, Ray and Ina Naef, counterclaimed for damages, contending that the lender had charged a usurious rate of interest under...

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