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BURR v. CAPITAL RESERVE CORP.

Docket No. L.A. 29496.

71 Cal.2d 983 (1969)

458 P.2d 185

80 Cal. Rptr. 345

JEROME BURR et al., Plaintiffs and Appellants. v. CAPITAL RESERVE CORPORATION, Defendant and Appellant.

Supreme Court of California. In Bank.

September 11, 1969.

Attorney(s) appearing for the Case

Sam Houston Allen for Plaintiffs and Appellants.

Abraham Gorenfeld and Ellis J. Horvitz for Defendant and Appellant.

MOSK, J.

The litigants here are at odds over whether three financial transactions in which plaintiffs purportedly leased personal property from defendant were in fact loans at a usurious rate of interest. The trial court concluded that the first two transactions were bona fide leases of personal property but that the third was a loan of money and that the rate of interest was usurious.1 It granted...

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