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1 Edm. Sel. Cas. 475

Leslie v. Hoffman

New York Circuit Court

Decided December 4, 1847

New York Circuit Court · decided 1847-12-04

This was an action of trover, tried at the Hew York Circuit, December 4,1847. The plaintiff, being in want of money to carry on his business as a bookbinder, advertised for a loan. He was waited upon by the defendant, who loaned Mm $250 on an agreement to pay therefor five dollars a week, and, to secure the loan, plaintiff gave his note for the amount loaned, payable on demand, together with a chattel mortgage on the tools of his trade.

Decided 1847-12-04

¶1Edmonds, J., charged the jury that if they were sat*476isfied that it was a loan, and at a usurious rate of interest, the mortgage taken to secure it was void, and the plaintiff ought to recover.

¶2And as to the damages which he ought to recover, they were to be such as would indemnify the plaintiff for the loss which he had sustained. If they were satisfied that the articles had been bought in by the plaintiff, then the damages would be measured by the sum which it had cost him to redeem them from the defendant’s claim upon them. If, however, they believed that they had been sold away from the plaintiff, and he thereby entirely deprived of them, then the measure of damage would be the amount of loss it had been to him, taking into the account the sum which he had already received from the plaintiff.

¶3Verdict for plaintiff for $465.

¶4N. B. Blunt for plaintiff.

¶5D. E. Wheeler for defendant.

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