(DOWNLOAD) "Roy Gene Carper v. Kanawha Banking & Trust" by Fourth Circuit U.S. Court Of Appeals ~ eBook PDF Kindle ePub Free
eBook details
- Title: Roy Gene Carper v. Kanawha Banking & Trust
- Author : Fourth Circuit U.S. Court Of Appeals
- Release Date : January 05, 1974
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 95 KB
Description
An exception to the application of the usury laws may be found in the "time-price" doctrine: in a commercial transaction involving the sale of property by credit arrangement, if the negotiation between the seller and the buyer involves a bona fide quotation of both a cash price and a credit price, the transaction does not involve usury, even though the quoted credit price is such as to exceed the cash price plus lawful interest thereon.