Ocobock v. Nixon
Ocobock v. Nixon
Opinion of the Court
— This action was brought to foreclose a mortgage on real property. No answer was filed by the defendants, or either of them. Judgment and decree of foreclosure were entered under a stipulation of the parties. By the terms of the stipulation it is agreed “that the plaintiff may have judgment and decree as prayed for in his complaint, and that no execution or order of sale ¿hall issue thereon until the expiration of five months from the rendition of said decree.” Decree and judgment were rendered in accordance with such stipulation on April 7, 1898. The notes and mortgage sued on are set forth in the complaint by copy, from which it appears that the same come within the inhibition of the usury statutes of Idaho and the ruling of this court in the cases of Vermont etc. Trust Co. v. Hoffman, 5 Idaho, 376, 49 Pac. 314, and Vermont etc. Trust Co. v. McGregor, 5 Idaho, 510, 51 Pac. 104. But it is urged that, as this question was not raised in the lower court, it cannot be made a subject of review in the appellate court; that the error, if any was committed, was by the consent of both parties, with a full knowledge of all the facts, and in fact was not the error of the court, but of the parties, and Is not, therefore, subject to appeal. This position of respondent seems to be supported by abundant authority, and is, we think, the general rule. But the case at bar presents some peculiar features, which would seem to except it from the operation of the general rule. Section 1266 of the Bevised Statutes provides: “If it is ascertained in any suit brought on any contract, that a rate of interest has been contracted for greater than is authorized by this chapter, either directly or indirectly, in money or in property, .such contract works a forfeiture of ten cents on the hundred by the year, and at that rate, upon the amount of such contract, to the school fund of the county in which the suit is brought, and the plaintiff must have judgment for the principal sum, less all payments of principal or
Reference
- Full Case Name
- OCOBOCK v. NIXON
- Cited By
- 5 cases
- Status
- Published
- Syllabus
- Usury — Judgment Upon Stipulation. — Plaintiff brought action upon a usurious contract; .judgment was entered upon stipulation of parties in favor of plaintiff, as prayed in complaint, from which defendant appealed; held, that the judgment so entered, being in contravention of the usury laws of the state, the same was erroneous. The general rule, that where judgment is entered upon the agreement and consent of parties appeal will not lie, does not apply to a case where such agreement and judgment is in contravention of the positive provisions of a statute. (Syllabus by the court.)