| Ky. Ct. App. | Oct 26, 1915

Opinion op the Court by

Judge Nunn

Reversing.

In this action to recover on a note executed in consideration for a conveyance of land, and to enforce a. purchase money lien for the payment thereof, the court-erred in adjudging that the stipulated interest in excess of 6% was usurious. In the meaning of the statute it was. *397not a transaction for the loan or forbearance of money. Gruell v. Smalley, 1 Duvall, 358; Tousey v. Robinson, 1 Met., 663" court="Ky. Ct. App." date_filed="1859-02-14" href="https://app.midpage.ai/document/tousey-v-robinson-7383380?utm_source=webapp" opinion_id="7383380">1 Met., 663; Eddy v. Northup, 15 Ky. L. R., 434 ; 23 S. W., 3531; McCann’s Exr. v. Bell, 79 Ky., 113; Watts v. National Building & Loan Assn., 102 Ky., 29" court="Ky. Ct. App." date_filed="1897-10-15" href="https://app.midpage.ai/document/watts-v-national-building--loan-assn-7133656?utm_source=webapp" opinion_id="7133656">102 Ky., 29 Berry v. Walker, 9 B. Mon., 464" court="Ky. Ct. App." date_filed="1849-07-02" href="https://app.midpage.ai/document/berry-v-walker-7129203?utm_source=webapp" opinion_id="7129203">9 B. Mon., 464.

The judgment is reversed with directions to enter judgment for the amount of the-note and interest suedL on, and enforce the lien on the land described in the; judgment.

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