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SEABOARD FINANCE v. WAHLEN

No. 7890.

123 Utah 529 (1953)

260 P.2d 556

SEABOARD FINANCE CO. v. WAHLEN et al.

Supreme Court of Utah.

Decided July 7, 1953.

Attorney(s) appearing for the Case

Howard N. Jones and Eksayn Anderson, Salt Lake City, for appellant.

Richard C. Dibblee, Salt Lake City, for respondents.

Arthur H. Nielsen and B.R. Parkinson, Salt Lake City, amicus curiae.

CROCKETT, Justice.

At pre-trial the lower court rendered summary judgment of dismissal against the plaintiff on the ground that the loan upon which this action was brought was usurious. Plaintiff appeals.

The facts shown were: Plaintiff, a foreign corporation, duly qualified to make loans under our Industrial Loan Act,1 on July 2, 1951 received an application from defendants for a loan "in an amount sufficient so they would get...

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