[DOWNLOAD] "Ronald C. Cook v. Richard Frazier" by Second District, Fort Worth Court of Appeals of Texas * Book PDF Kindle ePub Free

eBook details

Title: Ronald C. Cook v. Richard Frazier
Author : Second District, Fort Worth Court of Appeals of Texas
Release Date : January 15, 1989
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 66 KB

Description

This is a usury case. Ronald C. Cook and Cook Properties (Cook), appeal from summary judgment on the usury claims brought against them by Richard Frazier, Carol Frazier, and Richard and Carol Frazier Enterprises (Fraziers). The trial court found that the choice of law provisions contained in the parties contracts specifying that Utah law governed their agreements was a subterfuge to avoid the usury laws of Texas and that the contracts provided for interest in excess of twice the lawful rate and entered judgment in favor of the Fraziers for $4,340,517.30: three times the usurious interest contracted for, plus principal, interest and other charges of $58,219.08, totaling $4,398,736.38.