The Iowa Usury Statute and Sales on Credit…..1:63

State v. J.C. Penny & Co., 179 N.W.2d 641 (Wis. 1970)—A “Revolving” Charge Account Under Which the Vendee Purchases Merchandise and Pays 1 1/2% on the Declining Unpaid Balance Does Not Constitute a Time-Price Sale so as to Remove It from Usury Law Control…..21:208