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AUNSPAUGH v. MURDOCK ACCEPTANCE CORP.

No. 5-51.

258 S.W.2d 559 (1953)

AUNSPAUGH v. MURDOCK ACCEPTANCE CORP. et al.

Supreme Court of Arkansas.

Rehearing Denied June 22, 1953.

Attorney(s) appearing for the Case

Brooks Bradley, Tilghman E. Dixon and Josh W. McHughes, Little Rock, for appellant.

Lowell W. Taylor, Memphis, Tenn., Owens, Ehrman & McHaney, Little Rock, for appellee.

S. L. White, Little Rock, Amicus Curiae.

GEORGE ROSE SMITH, Justice.

This is one of several cases, all involving the issue of usury, that were argued and submitted together. In this case the chancellor dismissed the appellant's complaint upon a finding that the contract was not usurious.

On May 8, 1950, Aunspaugh purchased from James Hampton, one of the appellees, a Studebaker car which was offered for sale for $995 in cash. Aunspaugh, instead of paying cash, traded in a Chevrolet car for a credit...

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