HARE v. GENERAL CONTRACT PURCHASE CORP.

No. 4-9723.

249 S.W.2d 973 (1952)

HARE v. GENERAL CONTRACT PURCHASE CORP.

Supreme Court of Arkansas.

Rehearing Denied June 30, 1952.

Dissenting Opinion July 7, 1952.


Attorney(s) appearing for the Case

P. L. Smith, Antoine, for appellant.

Guy B. Reeves, Little Rock, for appellee.


McFADDIN, Justice.

This case involves the issue of usury in connection with a sale.1

Appellant, Qyde Hare, purchased a used truck from Earl Meeks, a secondhand automobile dealer in Arkadelphia, for $1,750. After making a cash payment of $100, and trading in a car for a credit of $500, the balance due by Hare to Meeks was $1,150. To handle this balance, Hare executed to Meeks a title retaining contract and note for $1,439.13. The...

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