KING v. WESTERN UNITED ASSUR. CO.

No. 44949-4-I.

997 P.2d 1007 (2000)

100 Wash.App. 556

Teresa KING, Appellant, Cross-Respondent, v. WESTERN UNITED ASSURANCE CO., Respondent, Cross-Appellant.

Court of Appeals of Washington, Division 1.

April 24, 2000.


Attorney(s) appearing for the Case

Robert Harold Stevenson, Seattle, for Appellant.

Steven Walter Klug, Bellevue, for Respondent.


BAKER, J.

When full value is given in a transaction in exchange for a promissory note, a party is not entitled to relief under the usury laws when the stated interest rate of the contract is not usurious notwithstanding the fact that the note was subsequently resold at a discount or that the party might have been able to obtain a better deal by offering cash in the transaction rather than an installment note. We affirm summary judgment dismissing a usury claim. We...

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