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MORGAN v. BLANCHER

No. 85-1700.

489 So.2d 1217 (1986)

Michael C. MORGAN, Appellant, v. Lugene BLANCHER, Appellee.

District Court of Appeal of Florida, Second District.

June 11, 1986.

Attorney(s) appearing for the Case

Franklyn J. Wollett of William L. Lyman, P.A., Clearwater, for appellant.

Ronald H. Schnell of Carr & Schnell, St. Petersburg, for appellee.

GRIMES, Acting Chief Judge.

Appellant sued Dandi Merchandise, Inc. (Dandi) on a promissory note bearing an annual interest rate of 25%. Dandi defended and counterclaimed on the theory of usury. Appellant filed a third-party action alleging that Blancher, as a licensed securities agent, improperly induced him to "invest" money in Dandi for interest higher than the legal rate. The amended third-party complaint also alleged that Blancher failed to inform appellant of...

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