FOREIGN COMMERCE v. TONN

No. 85-3048.

789 F.2d 221 (1986)

FOREIGN COMMERCE, Appellee, v. Bernard TONN, Appellant.

United States Court of Appeals, Third Circuit.

Decided April 30, 1986.


Attorney(s) appearing for the Case

Jon F. White (argued), Russell B. Johnson, Scott Silverlight, Isherwood, Hunter & Colianni, Christiansted, St. Croix, V.I., for appellant.

G. Luz A. James (argued), Christiansted, St. Croix, V.I., for appellee.

Before HUNTER, GARTH, and BECKER, Circuit Judges.


OPINION OF THE COURT

GARTH, Circuit Judge:

This appeal requires us to review Virgin Islands statutes, one of which prescribes the legal rate of interest, the other of which proscribes usury. We hold that the defense of usury was properly asserted by Tonn, the defendant/appellant here.

I.

On March 20, 1978, appellant Bernard Tonn purchased sliding glass doors and windows from appellee Foreign Commerce, Inc. for a total purchase price of...

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