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UNIVERSAL C.I.T. CREDIT CORP. v. AVERY

No. 5-677.

280 S.W.2d 229 (1955)

UNIVERSAL C. I. T. CREDIT CORPRATION, Appellant, v. George O. AVERY, Appellee.

Supreme Court of Arkansas.

June 13, 1955.

Attorney(s) appearing for the Case

M. P. Matheney, El Dorado, Wright, Harrison, Lindsey & Upton, Little Rock, for appellant.

T. O. Abbott, El Dorado, for appellee.

GEORGE ROSE SMITH, Justice.

The principal question in this case is whether a certain conditional sales contract, now attacked by the appellee for usury, was executed before or after the decision became final in Hare v. General Contract Purchase Corp., 220 Ark. 601, 249 S.W.2d 973, 978. That decision overruled a series of earlier cases but stated that the new rule would apply only to transactions entered into "after this opinion...

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