139 Misc. 670 | N.Y. Sup. Ct. | 1931
This action is brought by plaintiff, as trustee of Clarke Bros., to recover the amounts of a series of promissory notes made by defendant Orvis and indorsed, solely for accommodation, by defendant Kennedy. The answers interposed do not deny the making, indorsements or the amounts of the several notes. They do, however, contain affirmative defenses to the effect that the notes were in fact delivered to Theodore Taylor & Co., Inc., pursuant to a mutual corrupt and usurious agreement between Taylor & Co. and the defendants Orvis and Kennedy that Taylor & Co. should lend defendant Orvis sums of money represented by the notes upon interest at the rate per annum of fifty-eight per cent on each $100, and which usurious interest the defendant paid to Taylor & Co. at the time of the making and delivery of the notes. It is then alleged upon information and belief “ that