PUBLIC LOAN CORPORATION OF LITTLE ROCK v. TERRELL

No. 5-589.

275 S.W.2d 435 (1955)

PUBLIC LOAN CORPORATION OF LITTLE ROCK, Appellant, v. John TERRELL et al., Appellees.

Supreme Court of Arkansas.

February 14, 1955.


Attorney(s) appearing for the Case

Lasley, Spitzberg, Mitchell & Hays, Little Rock, for appellant.

No brief for appellee.


WARD, Justice.

The only issue on this appeal is whether appellant is a holder in due course of the promissory note sued on.

Appellee, John Terrell, purchased a window fan from Easy Appliance Company for the purpose of ventilating and cooling his cafe. He made a down payment and executed a note and conditional sales contract for the balance of $181.62, which amount included the cost of installation. The notewas dated May 22, 1952 and was payable in monthly...

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