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MFRS. ACCEPTANCE v. IRVING GELB

No. 1416-3.

17 Wn. App. 886 (1977)

565 P.2d 1235

MANUFACTURERS ACCEPTANCE CORPORATION, Appellant, v. IRVING GELB WHOLESALE JEWELERS, INC., Respondent.

The Court of Appeals of Washington, Division Three.

June 29, 1977.

Attorney(s) appearing for the Case

Lukins, Annis, Bastine, McKay & Van Marter, P.S., Robert G. Beaumier, and Keith D. Rieckers, for appellant.

William J. Powell, for respondent.

MUNSON, C.J.

Appellant, Manufacturers Acceptance Corporation (MAC), originally brought this action against Emanuel Gelb, his wife, and Irving Gelb Wholesale Jewelers, Inc. (corporation) to recover the outstanding balance of an inventory loan and to enforce the security agreement thereon. The Gelbs and the corporation counterclaimed contending that these transactions were usurious, seeking attorneys' fees and an offset...

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