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2 Sarat. Ch. Sent. 19

Anderson v. Rapelye

New York Court of Chancery

Decided April 5, 1842

New York Court of Chancery · decided 1842-04-05

Decided 1842-04-05

¶1In this case the chancellor decided that the transfer of a bond and mortgage of a third person for #3000, the payment of which is guarantied by the seller and another person, in consideration of the sum of $2600 is usurious and void.

¶2Decree of the assistant vice chancellor reversed; and decree directed declaring the assignment of the bond and mortgage and the bond executed therewith inoperative and void, and that they be delivered up and cancelled, and granting a perpetual injunction against any suit thereon.

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