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PUBLIC LOAN CORPORATION OF FAYETTEVILLE v. PETERSON

No. 5-437.

271 S.W.2d 353 (1954)

PUBLIC LOAN CORPORATION OF FAYETTEVILLE, Appellant, v. Lillian H. PETERSON et al. Appellees.

Supreme Court of Arkansas.

October 4, 1954.

Attorney(s) appearing for the Case

Wade & McAllister, Fayetteville, for appellant.

No appearance for appellee.

GEORGE ROSE SMITH, Justice.

This is a suit brought by the appellees to cancel a promissory note and chattel mortgage for usury. The chancellor, upon the authority of Strickler v. State Auto Finance Co, 220 Ark. 565, 249 S.W.2d 307, and Winston v. Personal Finance Co, 220 Ark. 580, 249 S.W.2d 315, granted the relief sought. The appellant now contends that the doctrine of those cases cannot be applied...

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