SCHMITT v. MATTHEWS

No. 2573-42794-1.

12 Wn. App. 654 (1975)

531 P.2d 309

J.C. SCHMITT, Respondent, v. JOHN J. MATTHEWS et al., Appellants.

The Court of Appeals of Washington, Division One.

January 27, 1975.


Attorney(s) appearing for the Case

Derrill T. Bastian, for appellants.

Montgomery, Purdue, Blankinship & Austin, Lynn O. Hurst, and Peter D. Jarvis, for respondent.


SWANSON, C.J.

The underlying question presented by this appeal is whether, as a matter of law, the purchase and sale of conditional sale contracts necessarily involves a loan of money such that the transaction is subject to the State usury laws, RCW 19.52.

The undisputed findings of fact by the trial court indicate that appellants John J. Matthews and wife, doing business as Seal-O-Matic Co. ("Matthews"), were engaged in the sale of kitchenware primarily through...

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