KENSINGER ACCEPTANCE CORPORATION v. TIPPET

No. 5-105.

258 S.W.2d 561 (1953)

KENSINGER ACCEPTANCE CORPORATION, Appellant v. J. A. TIPPET, Appellee.

Supreme Court of Arkansas.

May 25, 1953.


Attorney(s) appearing for the Case

Barber, Henry & Thurman, Little Rock, for appellant.

R. W. Griffith, Little Rock, for appellee.


HOLT, Justice.

Appellee, Tippet, brought this suit to cancel a conditional sales contract on the ground of usury, and from a decree sustaining his contention is this appeal.

The record reflects that on November 1,. 1951, Tippet purchased from Union Motor Company of North Little Rock, an automobile for a total time price (or credit price) of $1778.10. Of this amount, Tippet paid in cash, or its equivalent by a trade in, $492, leaving a time balance due of ...

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