[Download] "Mcconnell V. Lynch" by Supreme Court Of California ~ Book PDF Kindle ePub Free

eBook details

Title: Mcconnell V. Lynch
Author : Supreme Court Of California
Release Date : January 30, 1978
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 67 KB

Description

Plaintiffs filed a class action against defendant brokerage firm. They alleged, first, that defendant unlawfully charged compound interest on the debit balance in margin accounts without a clear written agreement authorizing the compounding of interest as required by section 2 of the Usury Law. Finding that defendant's customer's agreement complied with the requirements of section 2, the trial court sustained defendant's demurrer to this charge without leave to amend.