(Download) "Preston Farm & Ranch Supply v. Bio-Zyme Enterprises" by Second District, Fort Worth Court of Appeals of Texas * eBook PDF Kindle ePub Free

April 19, 2021

eBook details

Title: Preston Farm & Ranch Supply v. Bio-Zyme Enterprises
Author : Second District, Fort Worth Court of Appeals of Texas
Release Date : January 25, 1981
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 74 KB

Description

This is a suit initiated by Bio-Zyme Enterprises against Ken Vanderhoof and Preston Farm & Ranch Supply, Inc. on a sworn account to collect a debt. The defendants counterclaimed, alleging usury. The primary issue before the court is whether the evidence supported a finding that Preston Farm and its owner, Ken Vanderhoof, agreed to pay interest on the account. The trial court found that such an agreement existed, rendered judgment for the plaintiff Bio-Zyme on the debt, but deducted from its judgment against Vanderhoof an amount equal to twice the interest charged as a penalty for usury. The court of civil appeals affirmed. 615 S.W.2d 258. We affirm the judgment of the court of civil appeals.