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LITTLE ROCK ROAD MACHINERY CO. v. FRAZIER

No. 4-9904.

252 S.W.2d 404 (1952)

LITTLE ROCK ROAD MACHINERY CO. v. FRAZIER.

Supreme Court of Arkansas.

November 10, 1952.

Attorney(s) appearing for the Case

Moore, Burrow, Chowning & Mitchell and Lawrence B. Burrow, Jr., Little Rock, for appellant.

Carroll C. Hollensworth and B. Ball, Warren, for appellee.

GRIFFIN SMITH, Chief Justice.

As a corporation Little Rock Road Machinery Company entered into an arrangement with Roland G. Frazier to supply a tractor and bulldozer. The writing is captioned, "Equipment Lease Contract". The lease covered ten months beginning May 15, 1950, at a rental of $800 per month plus [sales] tax, payable in advance. Option was given to renew the lease for one month for $800 and tax. Payment of the first rental in each renewal period "shall...

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