C. Olivia Sabine, Appellant v. Maggie S. Paine Respondent, Impleaded With Another

Summary

The Court held that a promissory note void at its inception for usury remains void forever and cannot be enforced by a holder in due course. The New York usury statutes are peremptory and were not repealed or overridden by the Negotiable Instruments Law, so the judgment for the defendant was affirmed.