sham contract
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 239 U.S. 568 - Home Bond Co. v. McChesney · 1916Most cited · 58 citing opinions
In so far as the contracts in question here use words fit for a contract of purchase, they are mere shams and devices to cover loans of money at usurious rates of interest. Loans are never regarded as services.