HERSUM v. LATHAM

Docket No. 4599.

120 Cal.App.2d 325 (1953)

260 P.2d 988

HERMAN A. HERSUM et al., Appellants, v. GEORGE D. LATHAM et al., Respondents.

Court of Appeals of California, Fourth District.

September 21, 1953.


Attorney(s) appearing for the Case

H.F. Landgraf for Appellants.

Johnson & Johnson for Respondents.


MUSSELL, J.

Plaintiffs appeal from a judgment against them on the first cause of action in a complaint in which they alleged that defendants had extracted interest from them in excess of 12 per cent for the loan of money.

Plaintiffs were the owners of and operated a wholesale and retail lumber and supply business in Chula Vista. Prior to August 6, 1951, they became involved in financial difficulties and to secure cash for working capital and to meet their...

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