California Fair Plan Association v. Politi
1990.CA.40688 220 CAL. APP. 3D 1612; 270 CAL. RPTR. 243
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Publisher Description
We granted review in this matter to resolve a conflict among the Courts of Appeal on the issue of whether a provision in a commercial sales contract which calls for interest of 18 percent per year on late payments violates the usury law. Although the petition for review had raised other issues as well, our order limited review to the usury question.