(Download) "Roy Gene Carper v. Kanawha Banking & Trust" by Fourth Circuit U.S. Court Of Appeals " Book PDF Kindle ePub Free

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eBook details

Title: Roy Gene Carper v. Kanawha Banking & Trust
Author : Fourth Circuit U.S. Court Of Appeals
Release Date : January 05, 1974
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 95 KB

Description

An exception to the application of the usury laws may be found in the "time-price" doctrine: in a commercial transaction involving the sale of property by credit arrangement, if the negotiation between the seller and the buyer involves a bona fide quotation of both a cash price and a credit price, the transaction does not involve usury, even though the quoted credit price is such as to exceed the cash price plus lawful interest thereon.